§ 1505.001 Definition
§ 1505.002 Plans for Certain Persons 65 Years of Age or Older
§ 1505.003 Application and Other Evidence of Insurance Forms
§ 1505.004 Execution of Policy
§ 1505.005 Use of Unincorporated Entity
§ 1505.006 Required Filings; Department Approval
§ 1505.007 Effect of Commissioner Disapproval
§ 1505.008 Exemption From Premium Taxes
§ 1505.009 Exemption From Certain Antitrust Requirements
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Terms Used In Texas Insurance Code Chapter 1505 - Group Health Insurance Plans for Persons 65 Years of Age or Older

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • 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.
  • Fiduciary: A trustee, executor, or administrator.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005