Texas Insurance Code 1201.010 – Third-Party Ownership of Policy
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 1201.010
- 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
The use of “insured” in this chapter does not prevent a person with an insurable interest, other than the insured, from:
(1) applying for and owning an individual accident and health insurance policy covering the insured; or
(2) being entitled to an indemnity, right, or benefit provided for in an individual accident and health insurance policy covering the insured.