Texas Insurance Code Chapter 2207 > Subchapter H – Excess Liability Fund
Current as of: 2024 | Check for updates
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Other versions
§ 2207.351 | Fund Creation; Management |
§ 2207.352 | Contributions |
§ 2207.353 | Uses of Fund |
§ 2207.354 | Depository Bank |
Terms Used In Texas Insurance Code Chapter 2207 > Subchapter H - Excess Liability Fund
- 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.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Rule: includes regulation. See Texas Government Code 311.005
- Statute: A law passed by a legislature.
- Year: means 12 consecutive months. See Texas Government Code 311.005