Texas Insurance Code

§ 941.001 — DEFINITIONS

IN § 941.001Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part G. LLOYD'S PLAN AND RECIPROCAL AND INTERINSURANCE EXCHANGES · Ch. 941. LLOYD'S PLAN · Art. A. GENERAL PROVISIONS

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In this chapter:

(1)"Affiliate" has the meaning described by Section 823.003.

(2)"Attorney in fact" means an attorney in fact authorized under a power of attorney to act for the underwriters of a Lloyd's plan.

(3)"Lloyd's plan" means an entity engaged in the business of writing insurance on the Lloyd's plan.

(4)"Underwriter" means an individual, partnership, or association of individuals that writes insurance on the Lloyd's plan.

Legislative history

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