Texas § IN.2201.002 - GENERAL DEFINITIONS
Full text of Texas The Texas Constitution § IN.2201.002 — GENERAL DEFINITIONS, with citation guidance and answers to common questions.
§ IN.2201.002. GENERAL DEFINITIONS
GENERAL DEFINITIONS. In this chapter: (1) "Agent" includes the terms "agent" and "broker" as used in the Liability Risk Retention Act of 1986 (15 U.S.C. Section 3901 et seq.). (2) "Hazardous financial condition" means a condition in which a risk retention group, based on the group's present or reasonably anticipated financial condition and although the group is not yet financially impaired or insolvent, is unlikely to be able to: (A) meet obligations to policyholders with respect to known claims and reasonably anticipated claims; or (B) pay other obligations in the normal course of business. (3) "Insurance" means primary insurance, excess insurance, reinsurance, surplus lines insurance, and any other arrangement for transferring and distributing risk that is determined to be insurance under the laws of this state. (4) "State" means any state of the United States or the District of Columbia. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.2201.002
What does The Texas Constitution § IN.2201.002 cover?
Section IN.2201.002 ("GENERAL DEFINITIONS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.2201.002?
A common citation format is "The Texas Constitution § IN.2201.002" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.2201.002 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.