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§7101

§7101 . Definitions. In this article:

§7101(a)

(a) "Merger" means the merger of 2 or more companies in a single company which is 1 of the constituent companies.

§7101(b)

(b) "Consolidation" means the consolidation of 2 or more companies into a single new company.

§7101(c)

(c) "Constituent company" means an existing company that is participating in the merger or consolidation with 1 or more other companies.

§7101(d)

(d) "Surviving company" means the constituent company into which 1 or more other constituent companies are merged.

§7101(e)

(e) "Consolidated company" means the new company into which 2 or more constituent companies are consolidated.

§7101(f)

(f) "Company" means an insurance company.

§7101(g)

(g) "Acquisition of assets" and "acquire the assets of", means the acquisition through the purchase or otherwise of all or substantially all of the assets of a domestic company or of any company by a domestic company.
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©2009 Paul Margus, FSA, MAAA