Texas Insurance Code 1104.001 – Applicability of Subchapter
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Terms Used In Texas Insurance Code 1104.001
- Contract: A legal written agreement that becomes binding when signed.
This subchapter applies only to a policy or contract issued by a stock or mutual legal reserve life insurance company that:
(1) is licensed by the department to transact the business of life insurance in this state; and
(2) maintains the legal reserve required by state law.