Texas Insurance Code 401.001 – Definitions
Terms Used In Texas Insurance Code 401.001
- 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.
In this subchapter:
(1) “Accountant” means an independent certified public accountant or accounting firm that meets the requirements of Section 401.011.
(2) “Affiliate” has the meaning assigned by Section 823.003.
(3) “Health maintenance organization” means a health maintenance organization authorized to engage in business in this state.
(4) “Insurer” means an insurer authorized to engage in business in this state, including:
(A) a life, health, or accident insurance company;
(B) a fire and marine insurance company;
(C) a general casualty company;
(D) a title insurance company;
(E) a fraternal benefit society;
(F) a mutual life insurance company;
(G) a local mutual aid association;
(H) a statewide mutual assessment company;
(I) a mutual insurance company other than a mutual life insurance company;
(J) a farm mutual insurance company;
(K) a county mutual insurance company;
(L) a Lloyd’s plan;
(M) a reciprocal or interinsurance exchange;
(N) a group hospital service corporation;
(O) a stipulated premium company; and
(P) a nonprofit legal services corporation.
(5) “Subsidiary” has the meaning assigned by Section 823.003.