§ 553.001 — DEFINITIONS.

Texas § 553.001

• Jurisdiction: Texas
• Code IN: Insurance Code

Text

Sec. 553.001. DEFINITIONS. In this chapter:
(1) "Holocaust victim" means a person who was killed or injured, or who lost financial assets or other property, as the result of discriminatory laws, policies, or actions directed against any discrete group of which the person was a member, during the period of 1920 to 1945, inclusive, in Germany, areas occupied by Germany, or countries allied with Germany.
(2) "Insurance policy" includes:
(A) a life insurance policy, an annuity, a property insurance policy, a casualty insurance policy, and a liability insurance policy; and
(B) reinsurance on a risk covered under a policy described by Paragraph (A).
(3) "Insurer" means an insurance company or other entity engaged in the business of insurance or reinsurance in this state. The term includes:
(A) a capital stock company, a mutual company, or a Lloyd's plan; and
(B) any parent, subsidiary, or affiliated company, at least 50 percent of the stock of which is in common ownership with an insurer engaged in the business of insurance in this state.

Legislative History

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.