§ 912.701 Hazardous Financial Condition, Supervision, Conservatorship, and Liquidation
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Terms Used In Texas Insurance Code Chapter 912 > Subchapter O - General Financial Regulation

  • 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.
  • Property: means real and personal property. See Texas Government Code 311.005