This section provides definitions for key terms used in the Texas Insurance Code, specifically related to life insurance and annuities. It clarifies the roles of agents and the nature of direct-response solicitations, which are important for compliance and understanding within the insurance industry.
Defines 'Agent' as a licensed individual selling life insurance.
Describes 'Direct-response solicitation' via mass communication.
Clarifies what constitutes an 'Existing insurer' in the context.
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In simple terms: Learn about Texas's GENERAL DEFINITIONS. In this chapter: law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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