Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 3 - LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES
Subchapter FF - CREDIT LIFE AND CREDIT ACCIDENT AND HEALTH INSURANCE
Division 3 - FILING AND APPROVAL OF FORMS AND RATES
Section 3.5204 - Claims Incurred
Universal Citation: 28 TX Admin Code § 3.5204
Current through Reg. 50, No. 13; March 28, 2025
"Claims incurred" means the liability resulting from the happening of the contingency insured against whether paid, reported, not reported or resisted on accounting dates, valued by date of occurrence and, without reduction for reinsurance, at amounts, excluding claims expenses, sufficient to discharge the company from all liability.
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