DEFINITIONS

For purposes of this subchapter: (1) "Approaching zero" means the fund balance is under $1,000,000. (2) "Claimant" means a claimant as defined under 30-10-1003 (1), MCA. (3) "Commissioner" means the Commissioner of Securities and Insurance, Montana State Auditor. (4) "Committee" means the committee defined in ARM 6.10.705 . (5) "Department" means the department as defined in 30-10-1003 (2), MCA. (6) "Eligible persons" means persons eligible for restitution assistance under 30-10-1005 , MCA. (7) "Fund" means the fund as defined in 30-10-1003 (4), MCA. (8) "Investment scheme" means the underlying plan constituting the basis of a final order in a legal action initiated by the commissioner. (9) "Loss ratio" means the ratio consisting of the victim's total investment loss over the victim's total net worth. (10) "Total net loss" means a person's total loss in an investment scheme. (11) "Total net worth" means the difference between the total value of a person's assets and a person's liabilities. (12) "Victim" means a victim as defined under 30-10-1003 (6), MCA. Authorizing statute(s): 30-10-1008 , MCA Implementing statute(s): 30-10-1008 , MCA History: NEW, 2012 MAR p. 1140, Eff. 6/8/12.