§ 127.1. Definitions.

 The following words and terms, when used in this chapter, have the following meanings, unless the context clearly indicates otherwise:

   Company—A domestic insurance company.

   Contract—A management contract or an exclusive general agency agreement entered into between a licensee and a company.

   Department—The Insurance Department of the Commonwealth.

   Licensee—An individual, corporation or copartnership licensed or subject to licensing by the Insurance Commissioner as a manager or exclusive general agent of a domestic insurance company under section 651 of The Insurance Department Act of 1921 (40 P. S. §  291) and this chapter.

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