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2001 SESSION

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SB 987 Insurance; definition.

Introduced by: Yvonne B. Miller | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Insurance. Defines insurance, for purposes of Title 38.2, as the business of transferring risk by contract wherein a person, for a consideration, undertakes to indemnify another person, to pay or provide a specified or ascertainable amount of money, or to provide a benefit or service upon the occurrence of a determinable risk contingency. Insurance specifically includes the issuance of group and individual contracts, certificates, or evidences of coverage by health services plans, health maintenance organizations, legal services organizations or legal services plans, and dental or optometric services plans.


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