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Terms Used In Texas Insurance Code 844.002

  • Contract: A legal written agreement that becomes binding when signed.
  • 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 chapter does not apply to:
(1) an approved nonprofit health corporation that contracts to arrange for or provide health care services on a fee-for-service basis;
(2) a contract entered into by a certificate holder to arrange for or provide health care services on a fee-for-service basis; or
(3) an activity exempt from regulation under Section 843.053 or 843.073.