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Texas Insurance Code - INS § 542.051. Definitions

Current as of January 01, 2024 | Updated by Findlaw Staff

In this subchapter:

(1) “Business day” means a day other than a Saturday, Sunday, or holiday recognized by this state.

(2) “Claim” means a first-party claim that:

(A) is made by an insured or policyholder under an insurance policy or contract or by a beneficiary named in the policy or contract;  and

(B) must be paid by the insurer directly to the insured or beneficiary.

(3) “Claimant” means a person making a claim.

(4) “Notice of claim” means any written notification provided by a claimant to an insurer that reasonably apprises the insurer of the facts relating to the claim.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 542.051. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-542-051/

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