As used in this part.
(1) “Non-U.S. insurer” means an insurer or reinsurer organized under the laws of a foreign country.
(2) “United States branch” or “U.S. branch” means the business unit through which business is transacted within the United States by a non-U.S. insurer and the assets and liabilities of the non-U.S. insurer within the United States pertaining to such business.