This section provides definitions for key terms used in the Texas Insurance Code, including 'agent' and 'annuity'. It is essential for understanding the roles and products involved in insurance transactions within the state.
Defines 'agent' as a licensed individual selling insurance.
Clarifies what constitutes an 'annuity' under Texas law.
Establishes foundational terms for interpreting insurance regulations.
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In simple terms: Learn about Texas's 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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