For purposes of this compact:
I. "Advertisement" means any material designed to create public interest in a product, or induce the public to purchase, increase, modify, reinstate, borrow on, surrender, replace or retain a policy, as more specifically defined in the rules and operating procedures of the commission.
II. "Bylaws" means those bylaws established by the commission for its governance, or for directing or controlling the commission' s actions or conduct.
III. "Compacting state" means any state which has enacted this compact legislation and which has not withdrawn pursuant to RSA 408-C:14, I, or been terminated pursuant to RSA 408-C:14, II.
IV. "Commission" means the "Interstate Insurance Product Regulation Commission" established by this compact.