As used in this chapter, unless the context clearly requires otherwise:
1. "Affiliate" of a mutual insurer means a person who controls, is controlled by, or is under common control with, the mutual insurer being converted.
2. "Control" has the meaning assigned to it in section 521A.1, subsection 3.
3. "Holder of a surplus note agreement" means the holder of a guaranty fund or contribution certificate issued pursuant to section 515.20 or its equivalent which has been approved by the commissioner of insurance.
4. "Mutual insurer" means a domestic mutual property and casualty insurance company organized and licensed under chapter 515.
90 Acts, ch 1083, §1
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