Texas § 1810.001 DEFINITION.

Texas Statutes

§ 1810.001 — DEFINITION.

Texas § 1810.001

Code INInsurance Code

This text of Texas § 1810.001 (DEFINITION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 1810.001 (2026).

Text

Sec. 1810.001. DEFINITION. In this chapter, "promotional event prize program" means a written contract entered into in this state for commercial marketing or promotional purposes:

(1)under which a monetary risk is transferred from one or more parties to the contract to another party to the contract;

(2)that does not require as a condition precedent to the imposition of contractual liability on the part of the person accepting the risk:

(A)actual economic loss by the person who transfers the risk; or

(B)submission of proof of economic loss by the person transferring the risk; and

(3)that specifically states that the contract is not for insurance and performance under the contract is not covered by any state guaranty association.

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Sec. 1810.001. DEFINITION. In this chapter, "promotional event prize program" means a written contract entered into in this state for commercial marketing or promotional purposes:
(1) under which a monetary risk is transferred from one or more parties to the contract to another party to the contract;
(2) that does not require as a condition precedent to the imposition of contractual liability on the part of the person accepting the risk:
(A) actual economic loss by the person who transfers the risk; or
(B) submission of proof of economic loss by the person transferring the risk; and
(3) that specifically states that the contract is not for insurance and performance under the contract is not covered by any state guaranty association.

Legislative History

Added by Acts 2007, 80th Leg., R.S., Ch. 246 (H.B. 2708 ), Sec. 1, eff. May 25, 2007.

Nearby Sections

3

§ 1810.001

DEFINITION.

§ 1810.002

PROGRAM NOT INSURANCE; NOT COVERED BY GUARANTY ASSOCIATION.

§ 1810.003

CERTAIN MARKETING PROHIBITED.

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Texas § 1810.001, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/1810.001.