Texas Insurance Code Chapter 3503 > Subchapter D – Suit On Certain Bonds or Other Obligations
Current as of: 2024 | Check for updates
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Other versions
| § 3503.151 | Venue of Suit On Certain Bonds or Other Obligations |
| § 3503.152 | Residence of Insurance Company |
| § 3503.153 | Service of Process |
| § 3503.154 | Acceptance of Subchapter |
Terms Used In Texas Insurance Code Chapter 3503 > Subchapter D - Suit On Certain Bonds or Other Obligations
- Amortization: Paying off a loan by regular installments.
- 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.
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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.