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.
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