Texas Insurance Code 883.001 – Definitions
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Terms Used In Texas Insurance Code 883.001
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
In this chapter:
(1) “Domestic mutual insurance company” means a mutual insurance company organized under this chapter.
(2) “Foreign mutual insurance company” means a mutual insurance company organized under the laws of a jurisdiction other than this state and authorized to engage in the business of insurance on a mutual plan in any state, district, or territory.