Terms Used In Texas Insurance Code Chapter 2006 > Subchapter A - Optional Premium Discount for Use of Insulating Concrete Form System

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Board: means the governing body of a district. See Texas Water Code 49.001
• Commission: means the Texas Natural Resource Conservation Commission. See Texas Water Code 49.001
• 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.
• District: means any district or authority created by authority of either Sections Texas Water Code 49.001
• Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. ^{Source: FDIC}
• 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.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Oath: A promise to tell the truth.
• Oath: includes affirmation. See Texas Government Code 311.005
• Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
• Property: means real and personal property. See Texas Government Code 311.005
• Rule: includes regulation. See Texas Government Code 311.005
• Special water authority: means a river authority as that term is defined in Section 30. See Texas Water Code 49.001
• Water supply corporation: means a nonprofit water supply or sewer service corporation created or operating under Chapter 67. See Texas Water Code 49.001
• Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005