Sec. 533. DEFINITIONS
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## SEC. 533 DEFINITIONS **[**[15 U.S.C. 8223](/us/usc/t15/s8223)**]** For purposes of this part, the following definitions shall apply: ####
(1)Ceding insurer The term “**ceding insurer**” means an insurer that purchases reinsurance. ####
(2)Domiciliary state The terms “**State of domicile**” and “**domiciliary State**” mean, with respect to an insurer or reinsurer, the State in which the insurer or reinsurer is incorporated or entered through, and licensed. ####
(3)NAIC The term “**NAIC**” means the National Association of Insurance Commissioners or any successor entity. ####
(4)Reinsurance The term “**reinsurance**” means the assumption by an insurer of all or part of a risk undertaken originally by another insurer. ####
(5)Reinsurer #####
(A)In general The term “**reinsurer**” means an insurer to the extent that the insurer— ######
(i)is principally engaged in the business of reinsurance; ######
(ii)does not conduct significant amounts of direct insurance as a percentage of its net premiums; and ######
(iii)is not engaged in an ongoing basis in the business of soliciting direct insurance. #####
(B)Determination A determination of whether an insurer is a reinsurer shall be made under the laws of the State of domicile in accordance with this paragraph. ####
(6)State The term “**State**” includes any State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, the Virgin Islands, and American Samoa. ### PART III RULE OF CONSTRUCTION
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