Section 40.01. Definitions.

  In this chapter, unless the context otherwise requires:

(1)  "Acquiring person" means each person by whom or on whose behalf a merger or other acquisition of control is to be effected.

(2)  "Affiliate" has the meaning provided under s. 600.03 (1) , Stats.

(3)  "Commissioner" means the commissioner of insurance of this state, the deputy commissioner, or the office of the commissioner of insurance of this state, as appropriate.

(4)  "Control" has the meaning provided under s. 600.03 (13) , Stats.

(4m)  "Enterprise risk" has the meaning provided under s. 617.12 (1) , Stats.

(5)  "Executive officer" means chief executive officer, chief operating officer, chief financial officer, treasurer, secretary, controller, and any other individual performing functions corresponding to those performed by one of those positions under whatever title.

(6)  "Insurance holding company system" means 2 or more persons who are affiliates, one or more of which is an insurer.

(7)  "Insurer" has the meaning provided under s. 600.03 (27) , Stats., except that it does not include agencies, authorities or instrumentalities of the United States, its possessions and territories, the Commonwealth of Puerto Rico, the District of Columbia, or a state or political subdivision of a state.

(8)  "Policyholder surplus" means capital and surplus.

(9)  "Security holder" means a person who owns any security of a person, including, but not limited to, common stock, preferred stock, debt obligations or any other security convertible into or evidencing the right to acquire stock or debt obligations.

(10)  "State of domicile" means the state where an insurer is domiciled or, for an alien insurer, its port of entry state.

(11)  "Subsidiary" of a person means a person which is controlled, directly or indirectly through one or more intermediaries, by the first person.

(12)  "Ultimate controlling person" means a person who is not controlled by any other person. 

(13)  "Voting security" includes, but is not limited to, any security convertible into or evidencing a right to acquire a voting security.