Texas § IN.1811.001 - DEFINITIONS

§ IN.1811.001. DEFINITIONS

DEFINITIONS. In this chapter: (1) "Agent" means a person required to hold a license as a property and casualty agent or surplus lines agent. (2) "Certificate holder" means a person, other than a policyholder: (A) who is designated on a certificate of insurance as a certificate holder; or (B) to whom a certificate of insurance has been issued by an insurer or agent at the request of the policyholder. (3) "Certificate of insurance" means a document, instrument, or record, including an electronic record, no matter how titled or described, that is executed by an insurer or agent and issued to a third person not a party to the subject insurance contract, as a statement or summary of property or casualty insurance coverage. The term does not include an insurance binder or policy form. (4) "Electronic record" has the meaning assigned by Section 322.002 , Business & Commerce Code. (5) "Insurance" means an insurance contract for property or casualty insurance. (6) "Insurer" means a company or insurance carrier that is engaged in the business of making property or casualty insurance contracts. The term includes: (A) a stock fire or casualty insurance company; (B) a mutual fire or casualty insurance company; (C) a Mexican casualty insurance company; (D) a Lloyd's plan; (E) a reciprocal or interinsurance exchange; (F) a county mutual insurance company; (G) a farm mutual insurance company; (H) a risk retention group; (I) the Medical Liability Insurance Joint Underwriting Association under Chapter 2203 ; (J) the Texas Windstorm Insurance Association under Chapter 2210 ; (K) the FAIR Plan Association under Chapter 2211 ; (L) an eligible surplus lines insurer; and (M) any other insurer authorized to write property or casualty insurance in this state. (7) "Lender" has the meaning assigned by Section 549.001 . (8) "Person" means: (A) an individual; or (B) a partnership, corporation, limited liability company, association, trust, or other legal entity, including an insurer or a political subdivision or agency of this state. (9) "Policyholder" means a person who has contracted with a property or casualty insurer for insurance coverage. (10) "Record" has the meaning assigned by Section 322.002 , Business & Commerce Code. Added by Acts 2011, 82nd Leg., R.S., Ch. 1212 (S.B. 425 ), Sec. 1, eff. September 1, 2011.