Texas Insurance Code 281.001 – Definitions
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Terms Used In Texas Insurance Code 281.001
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
In this subchapter:
(1) “Domestic insurer” means an insurer organized in this state.
(2) “Foreign insurer” means an insurer organized in another state.
(3) “Tax or other charge” includes:
(A) a tax, including an income, corporate franchise, or maintenance tax;
(B) a fee, including a regulatory fee similar to a maintenance tax;
(C) a license;
(D) a fine;
(E) a penalty;
(F) a deposit requirement; and
(G) any other obligation.