Texas Insurance Code 802.051 – Applicability of Subchapter
Terms Used In Texas Insurance Code 802.051
- 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 each company regulated by the commissioner, including:
(1) a stock life, health, or accident insurance company;
(2) a mutual life, health, or accident insurance company;
(3) a stock fire or casualty insurance company;
(4) a mutual fire or casualty insurance company;
(5) a Mexican casualty company;
(6) a Lloyd’s plan;
(7) a reciprocal or interinsurance exchange;
(8) a fraternal benefit society;
(9) a title insurance company;
(10) a stipulated premium insurance company;
(11) a nonprofit legal service corporation;
(12) a health maintenance organization;
(13) a statewide mutual assessment company;
(14) a local mutual aid association;
(15) a local mutual burial association;
(16) an association exempt under Section 887.102;
(17) a nonprofit hospital, medical, or dental service corporation, including a company subject to Chapter 842;
(18) a county mutual insurance company; and
(19) a farm mutual insurance company.