Tex.
Ins. Code Section 229.001
Definitions
(1)
“Agent” includes:(A)
a surplus lines agent, as defined by Section 981.002 (Definitions);(B)
a person licensed as a surplus lines agent by another state; and(C)
any other person who performs the acts of an agent, whether through an oral, written, electronic, or other form of communication, by soliciting, negotiating, procuring, or collecting a premium on an insurance contract.(2)
“Insurer” has the meaning assigned by Section 101.002 (Definitions) and includes:(A)
an insurer that does not hold a certificate of authority in this state;(B)
an eligible surplus lines insurer; and(C)
an insurer that holds a certificate of authority in this state but performs acts outside the scope of its authority under the certificate.(3)
“Premium” includes:(A)
any consideration for insurance, including:(i)
a premium;(ii)
a membership fee;(iii)
an assessment; and(iv)
dues; or(B)
any other meaning of the term adopted in a cooperative agreement.(4)
“Processing entity” means a processing center or clearinghouse established under a cooperative agreement.(5)
“Stamping office” means the Surplus Lines Stamping Office of Texas or similar stamping offices in other states.
Source:
Section 229.001 — Definitions, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.229.htm#229.001 (accessed May 4, 2024).
