§ 964.101 Applicability of Other Law
§ 964.102 Status of Captive Exchanges
§ 964.103 Subscriber Requirements
§ 964.104 Attorney in Fact Requirements
§ 964.105 Attorney in Fact Powers and Duties
§ 964.106 Subscriber Declaration
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Terms Used In Texas Insurance Code Chapter 964 > Subchapter C - Captive Exchanges

  • 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.
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Quorum: The number of legislators that must be present to do business.