§ 841.401 Purpose
§ 841.402 Definitions
§ 841.403 Organizational Documents
§ 841.404 Certificate of Authority Required
§ 841.405 Application for Certificate of Authority
§ 841.406 Investment of Certain Surplus by Organizing Company
§ 841.407 Officers and Directors
§ 841.408 Issuance of Certificate of Authority
§ 841.409 Scope of Certificate of Authority
§ 841.410 Capital and Surplus
§ 841.411 Foreclosure On Collateral
§ 841.412 Minimum Authorized Investment Requirement After Credit for Reinsurance; Letters of Credit; Guaranties
§ 841.413 Permitted Reinsurance
§ 841.414 Reports On Reserves and Risk-Based Capital
§ 841.415 Other Laws Not Applicable
§ 841.416 Applicability of Other Law
§ 841.417 Guaranty Requirements
§ 841.418 Sunset Provision
§ 841.419 Certification of Actuarial Officer
§ 841.420 Accounting and Financial Reporting

Terms Used In Texas Insurance Code Chapter 841 > Subchapter I - Limited Purpose Subsidiary Life Insurance Companies

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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.
  • 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
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Rule: includes regulation. See Texas Government Code 311.005
  • United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
  • Week: means seven consecutive days. See Texas Government Code 311.005
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
  • Year: means 12 consecutive months. See Texas Government Code 311.005