Tex. Insurance Code § 1153.003
This is the official text of Tex. Insurance Code § 1153.003, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 1153.003. DEFINITIONS.
Official statutory text
In this chapter:
(1) "Credit accident and health insurance" means insurance to provide indemnity for payments that become due on a specific credit transaction of a debtor when the debtor is disabled, as defined in the insurance policy.
(2) "Credit life insurance" means insurance on the life of a debtor in connection with a specific credit transaction.
(3) "Credit transaction" includes the lending of money.
(4) "Creditor" means:
(A) a person who lends money or who sells or leases goods, services, property, rights, or privileges, for which the payment is arranged through a credit transaction;
(B) a successor to the right, title, or interest of a person described by Paragraph (A); or
(C) a person who is in any way associated with a person described by Paragraph (A) or (B), including a director, officer, employee, affiliate, associate, or subsidiary of the person described by Paragraph (A) or (B).
(5) "Debtor" means a person who borrows money or who purchases or leases goods, services, property, rights, or privileges, the payment for which is arranged through a credit transaction.
(1) "Credit accident and health insurance" means insurance to provide indemnity for payments that become due on a specific credit transaction of a debtor when the debtor is disabled, as defined in the insurance policy.
(2) "Credit life insurance" means insurance on the life of a debtor in connection with a specific credit transaction.
(3) "Credit transaction" includes the lending of money.
(4) "Creditor" means:
(A) a person who lends money or who sells or leases goods, services, property, rights, or privileges, for which the payment is arranged through a credit transaction;
(B) a successor to the right, title, or interest of a person described by Paragraph (A); or
(C) a person who is in any way associated with a person described by Paragraph (A) or (B), including a director, officer, employee, affiliate, associate, or subsidiary of the person described by Paragraph (A) or (B).
(5) "Debtor" means a person who borrows money or who purchases or leases goods, services, property, rights, or privileges, the payment for which is arranged through a credit transaction.
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