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Terms Used In Texas Insurance Code 1806.1541

  • Contract: A legal written agreement that becomes binding when signed.

§ 1806.153 does not prohibit an insurer from, in connection with an offer or sale of an insurance policy or contract subject to this subchapter, giving, providing, or allowing or offering to give, provide, or allow an item that is a promotional advertising item, educational item, or traditional courtesy commonly extended to consumers and that is valued at $25 or less.