Common ownership and control definition
Common ownership and control means that two or more captive insurance companies are owned or controlled by the same person or group of persons as follows:
Common ownership and control means ownership and control of two or
Common ownership and control means the power to direct or cause the direction of the management and policies of a person or an organization, whether by ownership of stock, by voting rights, by contract, or by other means.
More Definitions of Common ownership and control
Common ownership and control means that two or more captive insurance
Common ownership and control means the direct or indirect ownership
Common ownership and control means property owned or controlled by the same person, persons, or entity, or by separate entities in which any shareholder, partner, member, or family member of an investor of the entity owns ten percent or more of the interest in the property.
Common ownership and control means ownership or control of at least fifty percent (50%) of the equity and voting .
Common ownership and control means ownership and control
Common ownership and control as defined by the Department, means any licensed psychiatric hospital or unit determined to be owned by the same legal entity as evidenced by the same Corporate Identification Number (CID) issued by the Michigan Department of Licensing and Regulatory Affairs, Corporate Division, and/or the same Federal Employer Identification Number (EIN). The parent corporation in a parent-subsidiary relationship does not own or control the licensed psychiatric hospitals or units of the subsidiary if they have separate CID and/or EIN from the subsidiary.
Common ownership and control means the direct or indirect ownership, control, or