Texas Insurance Code 1550.051 – Definition of Insurer
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Terms Used In Texas Insurance Code 1550.051
- 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.
In this subchapter, “insurer” means:
(1) an insurance company, including a company providing stop-loss or excess loss insurance;
(2) a health maintenance organization operating under Section 1367.053, Subchapter A, Chapter 1452, Subchapter B, Chapter 1507, Chapter 222, 251, or 258, as applicable to a health maintenance organization, Chapter 843, Chapter 1271, and Chapter 1272;
(3) an approved nonprofit health corporation that holds a certificate of authority issued under Chapter 844; or
(4) a third-party administrator that holds a certificate of authority under Chapter 4151.