Texas Insurance Code

§ 494.001 — DEFINITIONS

IN § 494.001Title 4. REGULATION OF SOLVENCY · Part F. REINSURANCE · Ch. 494. REINSURANCE OF AIRCRAFT AND SPACE EQUIPMENT RISKS

In this chapter:

(1)"Aircraft" means an object that is capable of:

(A)moving through the atmosphere, regardless of whether the object is powered or tethered; and

(B)lifting the weight of the object and an additional payload.

(2)"Space equipment" means a spacecraft, satellite, rocket, or other manmade object that may be:

(A)launched from earth into orbit around a celestial body or for space travel; or

…

Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.