Texas Insurance Code - INS § 1153.003. Definitions

(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:

(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.