- affiliate
means, with respect to an insurer, any person who controls, is controlled by, or is under common control with the insurer.
- appropriate committees
means the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate.
- Bank Secrecy Act
has the meaning given the term in section 6003 of the Anti-Money Laundering Act of 2020.
- covered agreement
means a written bilateral or multilateral agreement regarding prudential measures with respect to the business of insurance or reinsurance that—
- Federal financial regulatory agency
means the Department of the Treasury, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, or the National Credit Union Administration.
- Federal functional regulator
has the meaning given the term in section 509 of the Gramm-Leach-Bliley Act (15 U.S.C. 6809).
- financial institution
has the meaning given the term in section 5312 of this title.
- foreign anti-money laundering and countering the financing of terrorism authority
means any foreign agency or authority that is empowered under foreign law to regulate or supervise foreign financial institutions (or designated non-financial businesses and professions) with respect to laws concerning anti-money laundering and countering the financing of terrorism and proliferation.
- foreign financial intelligence unit
means any foreign agency or authority, including a foreign financial intelligence unit that is a member of the Egmont Group of Financial Intelligence Units, that is empowered under foreign law as a jurisdiction’s national center for—
- foreign law enforcement authority
means any foreign agency or authority that is empowered under foreign law to detect, investigate, or prosecute potential violations of law.
- insurer
means any person engaged in the business of insurance, including reinsurance.
- non-United States insurer
means an insurer that is organized under the laws of a jurisdiction other than a State, but does not include any United States branch of such an insurer.
- Office
means the Federal Insurance Office established by this section.
- service
includes service provided in—
- State bank supervisor
has the meaning given the term in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813).
- State credit union supervisor
means a State official described in section 107A(e) of the Federal Credit Union Act (12 U.S.C. 1757a(e)).
- State insurance measure
means any State law, regulation, administrative ruling, bulletin, guideline, or practice relating to or affecting prudential measures applicable to insurance or reinsurance.
- State insurance regulator
means any State regulatory authority responsible for the supervision of insurers.
- substantially equivalent to the level of protection achieved
means the prudential measures of a foreign government, authority, or regulatory entity achieve a similar outcome in consumer protection as the outcome achieved under State insurance or reinsurance regulation.
- United States insurer
means—