Exams / Texas Life Insurance License / Tex. Ins. Code §982.001
Tex. Ins. Code §982.001 — what it says, and how the exam tests it
This section is cited by 3 of our practice questions and is tested on 2 exams including the Texas Life Insurance License.
The text
Sec. 982.001. DEFINITIONS. In this chapter: (1) "Accident insurance company," "health insurance company," "life insurance company," and "United States branch" have the meanings assigned by Section 841.001. (2) "Alien insurance company" means an insurance company organized under the laws of a foreign country. The term includes an unincorporated insurance company (other than an unincorporated life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company) that is organized under the laws of a foreign country in a form recognized by the department. (3) "Domestic insurance company" has, in the context of a life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company, the meaning assigned by Section 841.001. (4) "Foreign insurance company" means an insurance company organized under the laws of another state of the United States. (5) "Insurance company" means a company engaged as a principal in the business of insurance. (6) "Policyholder" has, in the context of a life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company, the meaning assigned by Section 841.001. (7) "Trusteed asset" means an asset that an authorized alien insurance company is required or permitted by this chapter to deposit with one or more trustees for the security of the company's policyholders in the United States. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Public record. Read the full, current section at the official source: tcss.legis.texas.gov
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Tex. Ins. Code §982.001, a 'foreign insurance company' is defined as an insurance company organized under the laws of which jurisdiction?
drill Texas Statutes and Rules Common to Life and Health Insurance → - Under Tex. Ins. Code §982.001, an 'alien insurance company' is an insurance company organized under the laws of which jurisdiction?
drill Texas Statutes and Rules Common to Life and Health Insurance → - Under Tex. Ins. Code §982.001, which term describes an asset that an authorized alien insurance company is required or permitted to deposit with one or more trustees for the security of its policyholders in the United States?
drill Texas Statutes and Rules Common to Life and Health Insurance →