§ 3502.151 Definition
§ 3502.152 Capital and Surplus Requirements
§ 3502.153 Unearned Premium Reserve
§ 3502.154 Loss Reserve
§ 3502.155 Contingency Reserve
§ 3502.156 Outstanding Total Liability
§ 3502.157 Limit On Insurance of Certain Loans

Terms Used In Texas Insurance Code Chapter 3502 > Subchapter D - Financial Requirements

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Year: means 12 consecutive months. See Texas Government Code 311.005