Texas Insurance Code 704.001 – Definition
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Terms Used In Texas Insurance Code 704.001
- 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.
- 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
In this chapter, “plan issuer” means:
(1) a health insurer, including a life, health, and accident insurer, a health and accident insurer, a health maintenance organization, and any other person operating under Chapter 841, 842, 843, 884, 885, 982, or 1501 who is authorized to issue, issue for delivery, or deliver insurance policies, certificates, contracts, or evidences of coverage in this state;
(2) an approved nonprofit health corporation that holds a certificate of authority issued under Chapter 844; or
(3) an insurer authorized by the department to write workers’ compensation insurance in this state.