Texas Insurance Code 1806.051 – Applicability of Subchapter
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Terms Used In Texas Insurance Code 1806.051
- 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.
This subchapter applies to an insurer writing automobile insurance in this state, including an insurance company, corporation, reciprocal or interinsurance exchange, mutual insurance company, association, Lloyd’s plan, or other insurer.