Terms Used In Texas Insurance Code 1652.003

  • 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.

This chapter applies to an individual or group Medicare supplement benefit plan delivered or issued for delivery in this state and, regardless of the place where the plan was delivered or issued for delivery, a certificate that was issued under a group Medicare supplement benefit plan and delivered or issued for delivery in this state, if the plan or certificate is issued by:
(1) a capital stock insurance company, including a life, health and accident, and general casualty insurance company;
(2) a mutual life insurance company;
(3) a mutual assessment life insurance company, including a statewide mutual assessment company, local mutual aid association, and burial association;
(4) a mutual or mutual assessment association of any kind, including an association subject to Section 887.102;
(5) a mutual insurance company other than a life insurance company;
(6) a mutual or natural premium life or casualty insurance company;
(7) a fraternal benefit society;
(8) a Lloyd’s plan;
(9) a reciprocal or interinsurance exchange;
(10) a nonprofit hospital, medical, or dental service corporation, including a corporation operating under Chapter 842;
(11) a stipulated premium company;
(12) another insurer that by law is required to be authorized by the department; or
(13) a health maintenance organization operating under Chapter 843, to the extent required by federal law.