Sec. 4053.001. DEFINITIONS. In this chapter:
(1) "Affiliate" means a person who is classified as an affiliate under Section 823.003(a).
(2) "Insurer" means an insurance company, carrier, corporation, reciprocal or interinsurance exchange, mutual, association, county mutual insurance company, Lloyd's plan, or other insurance carrier authorized to engage in the business of insurance in this state.
(3) "Managing general agent" means a person, firm, or corporation that has supervisory responsibility for the local agency and field operations of an insurer in this state or that is authorized by an insurer to accept or process on the insurer's behalf insurance policies produced and sold by other agents.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Section: 4053.001 4053.002 4053.003 4053.004 4053.005 4053.051 4053.052 4053.053 4053.054 4053.055 4053.101 4053.102 4053.103 4053.104 4053.105 NextLast modified: September 28, 2016