Texas Insurance Code 1811.002 – Applicability
(a) This chapter applies to a certificate holder, policyholder, insurer, or agent with regard to a certificate of insurance issued on property or casualty operations or a risk located in this state, regardless of where the certificate holder, policyholder, insurer, or agent is located.
(b) This chapter may not be construed to apply to:
(1) a statement, summary, or evidence of property insurance required by a lender in a lending transaction involving:
(A) a mortgage;
(B) a lien;
(C) a deed of trust; or
(D) any other security interest in real or personal property as security for a loan;
(2) a certificate issued under:
(A) a group or individual policy for:
(i) life insurance;
(ii) credit insurance;
(iii) accident and health insurance;
(iv) long-term care benefit insurance; or
(v) Medicare supplement insurance; or
(B) an annuity contract; or
(3) standard proof of motor vehicle liability insurance under Section 601.081, Transportation Code.
Terms Used In Texas Insurance Code 1811.002
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Contract: A legal written agreement that becomes binding when signed.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Personal property: All property that is not real property.
- Property: means real and personal property. See Texas Government Code 311.005