Texas Administrative Code
Title 28 - INSURANCE
Part 2 - TEXAS DEPARTMENT OF INSURANCE, DIVISION OF WORKERS' COMPENSATION
Chapter 56 - STRUCTURED COMPROMISE SETTLEMENT AGREEMENTS
Section 56.5 - Definitions
Universal Citation: 28 TX Admin Code ยง 56.5
Current through Reg. 49, No. 38; September 20, 2024
The following words and terms, when used in this chapter, shall have the following meanings, unless the context clearly indicates otherwise.
(1) Annuity company--The company from which the carrier is purchasing an annuity for the claimant. The annuity company may be the carrier if the carrier meets the tests provided following for annuity companies (effective 1987).
(2) Structured settlement--Structured compromise settlement agreement.
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