§ 6003.001 Definitions
§ 6003.002 Applicability of Chapter
§ 6003.003 Effect On Local Regulation

Terms Used In Texas Insurance Code Chapter 6003 > Subchapter A - General Provisions

  • 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.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • 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.