For the purpose of this division:
(1) - (2)(No change.)
(3)"Policy" includes any policy, plan, certificate,
contract, evidence of coverage, agreement, statement of coverage,
cover note, certificate of policy, rider or endorsement which provides,
limits, or controls insurance for any kind of loss or expense or because
of the continuation, impairment, or discontinuance of human life or
annuity benefits issued by an insurer, [viatical or] life
settlement contracts, premium finance agreements, or any other product
offered by an insurer and regulated by the Department.
(4)"Insurer" includes any individual, partnership,
corporation, organization, or person issuing evidence of coverage
or insurance, or any other entity acting as an insurer to which this
division can be made legally applicable including, as applicable,
Health Maintenance Organizations, and all insurance companies doing
the business of insurance in this state such as capital stock companies,
mutual companies, title insurance companies, fraternal benefits societies,
local mutual aid associations, local mutual burial associations, statewide
mutual assessment companies, county mutual and farm mutual insurance
companies, Lloyds' plan companies, reciprocal or interinsurance exchanges,
stipulated premium insurance companies, and group hospital service
companies and, as can be made appropriate, premium finance companies,
and [viatical and] life settlement providers.
(5)"Agent" includes each agent, solicitor, counselor,
and soliciting representative of an insurer and, as can be made appropriate,
[viatical and] life settlement brokers and provider representatives.
(6) - (8)(No change.)
The agency certifies that legal counsel has
reviewed the proposal and found it to be within the state agency's
legal authority to adopt.
Filed
with the Office of the Secretary of State on June 7, 2021
TRD-202102193 James Person
General Counsel
Texas Department of Insurance
Earliest possible date of adoption: July 18, 2021
For further information, please call: (512) 676-6584
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