Texas Insurance Code Chapter 562 > Subchapter A – General Provisions
Current as of: 2024 | Check for updates
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| § 562.001 | Purpose |
| § 562.002 | Definitions |
| § 562.003 | Venue for Actions Involving Department or Commissioner |
| § 562.004 | Applicability |
| § 562.0041 | Exemption |
| § 562.005 | Liberal Construction |
Terms Used In Texas Insurance Code Chapter 562 > Subchapter A - General Provisions
- 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.
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005