Texas Insurance Code 404.001 – Definition
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Terms Used In Texas Insurance Code 404.001
- 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.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
In this subchapter, “insurer” includes:
(1) a capital stock insurance company;
(2) a reciprocal or interinsurance exchange;
(3) a Lloyd’s plan;
(4) a fraternal benefit society;
(5) a mutual company, including a mutual assessment company;
(6) a statewide mutual assessment company;
(7) a local mutual aid association;
(8) a burial association;
(9) a county mutual insurance company;
(10) a farm mutual insurance company;
(11) a fidelity, guaranty, or surety company;
(12) a title insurance company;
(13) a stipulated premium company;
(14) a group hospital service corporation;
(15) a health maintenance organization;
(16) a risk retention group; and
(17) any other organization or person engaged in the business of insurance.