Sec. 884.551. DEFINITIONS. In this subchapter:
(1) "Mutual assessment company" means any entity regulated under Chapter 887 or 888.
(2) "Net assets" means a company's funds that are available for the payment of the company's obligations in this state, including uncollected premiums that are not more than three months past due, after the deduction of all unpaid losses and claims, claims for losses, and all other debts.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
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