<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".02" citation="COMAR 31.04.23.02" title_num="31" subtitle_num="04" chapter_num="23" heading="Definitions.">
  <paragraph num="A.">
    <text>In this chapter, the following terms have the meanings indicated.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Terms Defined.</text>
    <paragraph num="(1)">
      <text>“Board” means the insurer’s or insurance group’s Board of Directors.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>“Commissioner” has the meaning stated in Insurance Article, §1-101(k), Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(3)">
      <text>“Corporate Governance Annual Disclosure” or “CGAD” has the meaning stated in Insurance Article, §4-501(b), Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(4)">
      <text>“Insurance group” means those insurers and affiliates included within an insurance holding company system as defined in Insurance Article, §4-501(c), Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(5)">
      <text>“Insurer” has the meaning stated in Insurance Article, §4-501(d), Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(6)">
      <text>“Own Risk and Solvency Assessment” or “ORSA” has the meaning stated in Insurance Article, §32-101, Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(7)">
      <text>Senior Management.</text>
      <paragraph num="(a)">
        <text>“Senior Management” means any corporate officer responsible for reporting information to the Board at regular intervals or providing this information to shareholders and regulators.</text>
      </paragraph>
      <paragraph num="(b)">
        <text>“Senior Management” includes, for example and without limitation:</text>
        <paragraph num="(i)">
          <text>The Chief Executive Officer;</text>
        </paragraph>
        <paragraph num="(ii)">
          <text>The Chief Financial Officer;</text>
        </paragraph>
        <paragraph num="(iii)">
          <text>The Chief Operations Officer;</text>
        </paragraph>
        <paragraph num="(iv)">
          <text>The Chief Procurement Officer;</text>
        </paragraph>
        <paragraph num="(v)">
          <text>The Chief Legal Officer;</text>
        </paragraph>
        <paragraph num="(vi)">
          <text>The Chief Information Officer;</text>
        </paragraph>
        <paragraph num="(vii)">
          <text>The Chief Technology Officer;</text>
        </paragraph>
        <paragraph num="(viii)">
          <text>The Chief Revenue Officer;</text>
        </paragraph>
        <paragraph num="(ix)">
          <text>The Chief Visionary Officer; and</text>
        </paragraph>
        <paragraph num="(x)">
          <text>Any other “C” level executive.</text>
        </paragraph>
      </paragraph>
    </paragraph>
  </paragraph>
</regulation>