Texas Insurance Code 565.002 – Definition
Terms Used In Texas Insurance Code 565.002
- 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.
- Property: means real and personal property. See Texas Government Code 311.005
In this chapter, “insurer” means an insurance company or other entity authorized to engage in the business of insurance in this state. The term includes:
(1) a stock or mutual property and casualty insurance company;
(2) a Lloyd’s plan;
(3) a reciprocal or interinsurance exchange;
(4) a county mutual insurance company;
(5) a farm mutual insurance company;
(6) any insurer writing a line of insurance regulated by Title 10;
(7) all life, health, and accident insurance companies regulated by the department, including:
(A) a stock or mutual life, health, or accident insurance company;
(B) a fraternal benefit society;
(C) a nonprofit hospital, medical, or dental service corporation, including a group hospital service corporation operating under Chapter 842; and
(D) a stipulated premium company; and
(8) a health maintenance organization operating under Chapter 843.