Texas Insurance Code Chapter 281 > Subchapter B – Retaliatory Penalties or Other Obligations
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§ 281.051 | Definitions |
§ 281.052 | Imposition of Penalty or Other Obligation |
Terms Used In Texas Insurance Code Chapter 281 > Subchapter B - Retaliatory Penalties or Other Obligations
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Property: means real and personal property. See Texas Government Code 311.005