Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 3 - LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES
Subchapter R - LIFE SETTLEMENT
Division 1 - GENERAL PROVISIONS
Section 3.1703 - Definitions

Universal Citation: 28 TX Admin Code § 3.1703

Current through Reg. 50, No. 13; March 28, 2025

In this subchapter, the following terms have the meanings assigned by Insurance Code § 1111A.002, unless the context clearly indicates otherwise:

(1) advertisement;

(2) broker;

(3) business of life settlements;

(4) insured;

(5) life expectancy;

(6) life insurance agent;

(7) life settlement contract;

(8) net death benefit;

(9) owner;

(10) person;

(11) policy;

(12) premium finance loan;

(13) provider;

(14) purchaser; and

(15) settled policy.

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