SECTION 3.1703. Definitions

Latest version.

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.

Source Note: The provisions of this §3.1703 adopted to be effective August 1, 2013, 38 TexReg 4357

                    
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