Texas Insurance Code - Section 425.101. Definitions
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Texas Lawyer > Insurance Code > Texas Insurance Code - Section 425.101. Definitions
§ 425.101. DEFINITIONS. In this subchapter:
(1) "Assets" means the statutory accounting admitted
assets of an insurance company. The term includes lawful money of
the United States, whether in the form of cash or demand deposits in
solvent banks, savings and loan associations, credit unions, and
branches of those entities, organized under the laws of the United
States or a state of the United States, if held in accordance with
the laws or regulations applicable to those entities. The term does
not include the company's separate accounts that are subject to
Chapter 1152.
(2) "Securities valuation office" means the
Securities Valuation Office of the National Association of
Insurance Commissioners.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 425.064 425.065 425.066 425.067 425.068 425.069 425.070 425.101 425.102 425.103 425.104 425.105 425.106 425.107 425.108
Last modified: August 11, 2007
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