Texas Insurance Code 6001.002 – Definitions
Terms Used In Texas Insurance Code 6001.002
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
In this chapter:
(1) “Firm” means an individual, partnership, corporation, or association.
(2) “Fixed fire extinguisher system” means an assembly of piping, conduits, or containers that convey liquid, powder, or gases to dispersal openings or devices protecting one or more hazards by suppressing or extinguishing fires.
(3) “Hydrostatic testing” means pressure testing by hydrostatic methods.
(4) “Insurance agent” means:
(A) an individual, firm, or corporation licensed under:
(i) Subchapter E, Chapter 981; or
(ii) Subchapter A, B, C, D, E, or G, Chapter 4051; or
(B) an individual authorized to represent an insurance fund or pool created by a municipality, county, or other political subdivision of this state under Chapter 791, Government Code.
(5) “Portable fire extinguisher” means any device that contains liquid, powder, or gases for suppressing or extinguishing fires.
(5-a) “Portable fire extinguisher inspection” means a monthly inspection to ensure that a portable fire extinguisher:
(A) is in the extinguisher’s designated location;
(B) has not been actuated or subject to tampering; and
(C) does not have any obvious physical damage or another condition that may prevent proper operation of the extinguisher.
(6) “Registered firm” means a firm that holds a registration certificate.
(7) “Service” and “servicing” mean servicing a portable fire extinguisher or a fixed fire extinguisher system by charging, filling, maintaining, recharging, refilling, repairing, or testing.