Section 282
SEC. 282. As used in this title, the following terms shall have the respective meanings hereinafter set forth unless the context shall otherwise require: "Person" means an individual, partnership, firm, association, corporation, trust, any similar entity or any combination of the foregoing acting in concert: "Control", including the terms "controlling", "controlled by" and "under common control with", means the possession directly or indirectly of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities by a contract other than a commercial contract for goods or non-management services, or otherwise. Subject to section two hundred eighty-four, control shall be presumed to exist if any person directly or indirectly owns, controls or holds with the power to vote forty per centum or more of the voting securities of any other person; Provided, That no person shall be deemed to control another person solely by reason of his being an officer or director of such other person; "Holding company" means any person who directly or indirectly controls any authorized insurer; "Controlled insurer" means an authorized insurer controlled directly or indirectly by a holding company; "Controlled person" means any person, other than a controlled insurer, who is controlled directly or indirectly by a holding company; "Holding company system" means a holding company together with its controlled insurers and controlled persons.