Texas Insurance Code Chapter 402 > Subchapter B – Acquisition and Disposition of Assets
Current as of: 2024 | Check for updates
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Other versions
| § 402.051 | Acquisitions and Dispositions Considered Material |
| § 402.052 | Acquisitions and Dispositions Subject to Chapter |
| § 402.053 | Content of Report Concerning Material Acquisitions and Dispositions |
Terms Used In Texas Insurance Code Chapter 402 > Subchapter B - Acquisition and Disposition of Assets
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.