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.