§ 1102.001 Definitions
§ 1102.002 Benefits Payable in Currency
§ 1102.003 Statement Regarding Value of Foreign Currency
§ 1102.004 Previously Approved Insurance Policy Form Payable in Foreign Currency
§ 1102.005 Rules
lawyer at desk

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Texas Insurance Code Chapter 1102 - Payment of Insurance Benefits in Currency

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fraud: Intentional deception resulting in injury to another.
  • Rule: includes regulation. See Texas Government Code 311.005
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005