Texas Insurance Code Chapter 2202 > Subchapter A – General Provisions
Current as of: 2024 | Check for updates
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§ 2202.001 | Definitions |
§ 2202.002 | Inapplicability of Chapter |
§ 2202.003 | Deposit of Fees |
§ 2202.004 | Certain Appropriations From General Revenue Fund Prohibited |
Terms Used In Texas Insurance Code Chapter 2202 > Subchapter A - General Provisions
- 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.
- 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.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- Property: means real and personal property. See Texas Government Code 311.005