NAC679B.590. “Control” defined.

Latest version.

“Control” means the direct or indirect ability to influence the management and policies of a person, whether through ownership of voting securities or a contract. The term does not include influence resulting from an official position or corporate office held by the person or from a commercial contract for goods or nonmanagement services.

(Added to NAC by Comm’r of Insurance, 10-4-88, eff. 1-1-89)

                    
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