Texas Occupations Code 953.001 – Definitions
Terms Used In Texas Occupations Code 953.001
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- 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:
(1) “Administrator” means the person responsible for the administration of a legal service contract.
(2) “Company” means a person who:
(A) is contractually obligated to a legal service contract holder under the terms of a legal service contract;
(B) enters into a contract with a contracting attorney to provide or obtain covered legal services for a legal service contract holder; and
(C) operates as a for-profit legal service contract company.
(3) “Contracting attorney” means an attorney who has entered into a contract with a company to provide or obtain covered legal services for a legal service contract holder.
(4) Repealed by Acts 2017, 85th Leg., R.S., Ch. 161 (H.B. 2113), Sec. 5(1), and Ch. 967 (S.B. 2065), Sec. 8.005(1), eff. September 1, 2019.
(5) Repealed by Acts 2017, 85th Leg., R.S., Ch. 161 (H.B. 2113), Sec. 5(1), and Ch. 967 (S.B. 2065), Sec. 8.005(1), eff. September 1, 2019.
(6) Repealed by Acts 2017, 85th Leg., R.S., Ch. 161 (H.B. 2113), Sec. 5(1), and Ch. 967 (S.B. 2065), Sec. 8.005(1), eff. September 1, 2019.
(7) “Legal service contract” means an agreement:
(A) that is entered into for a separately stated consideration; and
(B) under which the company obtains legal services for a legal service contract holder through a contracting attorney.
(8) “Legal service contract holder” means the person who purchases or otherwise holds a legal service contract or who is covered under a group legal service contract.
(9) “Person” means an individual or a partnership, company, corporation, association, or other private group.
(10) “Sales representative” means a person who sells or solicits legal service contracts to a person on behalf of a company.