Definitions

Sec. 551.051. DEFINITIONS. In this subchapter: (1) "Commercial property insurance" has the meaning assigned by Section 2251.002. (1-a) "Insurer" means an insurance company or other entity admitted to engage in business and authorized to write liability insurance or commercial property insurance in this state, including a county mutual insurance company, a Lloyd's plan, and a reciprocal or interinsurance exchange. The term does not include a county mutual fire insurance company that writes exclusively industrial fire insurance as described by Section 912.310 or a farm mutual insurance company. (2) "Liability insurance" means: (A) general liability insurance; (B) professional liability insurance other than medical professional liability insurance; (C) commercial automobile liability insurance; (D) commercial multiperil insurance; and (E) any other type or line of liability insurance designated by the department. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005. Amended by: Acts 2019, 86th Leg., R.S., Ch. 72 (S.B. 590), Sec. 2, eff. September 1, 2019.