§ 887.201 Limit On Life Insurance
§ 887.202 Stipulated Premium Plan; Deduction of Unpaid Premium Balance
§ 887.203 Issuance of Life Insurance Policy by Certain Associations
§ 887.204 Renewal or Reinstatement of Insurance Certificate
§ 887.205 Life Insurance Certificate Beneficiaries
§ 887.206 Payment of Claim; Proof of Claim
§ 887.207 Exception to Full Payment Requirement: Assessment-as-Needed Associations
§ 887.208 Contested Claims
§ 887.209 Venue
§ 887.210 Reinsurance

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Texas Insurance Code Chapter 887 > Subchapter E - Powers and Duties Relating to Insurance and Coverages

  • 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
  • Contract: A legal written agreement that becomes binding when signed.
  • Dependent: A person dependent for support upon another.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
  • Week: means seven consecutive days. See Texas Government Code 311.005
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
  • Year: means 12 consecutive months. See Texas Government Code 311.005