Texas Insurance Code 803.001 – Definitions
Terms Used In Texas Insurance Code 803.001
- 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.
In this chapter:
(1) “Domestic company” means any entity licensed, chartered, or organized under this code, including:
(A) a county mutual insurance company;
(B) a farm mutual insurance company;
(C) a fire and marine insurance company;
(D) a fraternal benefit society;
(E) a general casualty company;
(F) a group hospital service corporation;
(G) a health maintenance organization;
(H) a life, health, and accident insurance company;
(I) a Lloyd’s plan;
(J) a local mutual aid association;
(K) a mutual life insurance company;
(L) a mutual insurance company other than a mutual life insurance company;
(M) a nonprofit legal services corporation;
(N) a reciprocal exchange;
(O) a statewide mutual assessment company;
(P) a stipulated premium insurance company;
(Q) a surety and trust company; and
(R) a title insurance company.
(2) “Insurance holding company system” has the meaning described by Section 823.006.