Terms Used In Texas Insurance Code Chapter 2203 > Subchapter F - Financial Participation by Members and Policyholders

• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• Property: means real and personal property. See Texas Government Code 311.005
• Year: means 12 consecutive months. See Texas Government Code 311.005