Texas Insurance Code Chapter 493 > Subchapter B – Reinsurance
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Terms Used In Texas Insurance Code Chapter 493 > Subchapter B - Reinsurance
- Contract: A legal written agreement that becomes binding when signed.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- 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
- Year: means 12 consecutive months. See Texas Government Code 311.005