Texas Insurance Code Chapter 2205 > Subchapter F – Texas Child-Care Facility Liability Fund

Contract: A legal written agreement that becomes binding when signed.
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.
Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Rule: includes regulation. See Texas Government Code 311.005
Statute: A law passed by a legislature.
Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
Year: means 12 consecutive months. See Texas Government Code 311.005

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