Definition

Sec. 1161.101. DEFINITION. In this subchapter, "authorized life insurance company" means a stock or mutual legal reserve life insurance company that: (1) is licensed by the Texas Department of Insurance to transact the business of life insurance in this state; and (2) maintains the legal reserve required by the laws of this state. Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.