§ 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