Texas Insurance Code

§ 887.001 — DEFINITIONS

IN § 887.001Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 887. PROVISIONS APPLICABLE TO CERTAIN MUTUAL ASSESSMENT COMPANIES · Art. A. GENERAL PROVISIONS

Statute text

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In this chapter:

(1)"Assessment" means any money or thing of value, including premiums, paid in consideration of insurance provided by an insurance certificate.

(2)"Association" means an organization subject to this chapter.

(3)"Insurance certificate" means an insurance policy, contract of insurance, certificate of membership, or other document through which insurance is effected or evidenced.

(4)"Member" includes a certificate holder or any other insured of an association.

(5)"Membership fee" means the amount of the first assessment or assessments placed in the expense fund of an association and representing the cost of soliciting or procuring a member, as permitted by the department.

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Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.