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TITLE 28INSURANCE
PART 1TEXAS DEPARTMENT OF INSURANCE
CHAPTER 3LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES
SUBCHAPTER RLIFE SETTLEMENT
DIVISION 1GENERAL PROVISIONS
RULE §3.1703Definitions

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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