Tex. Occ. Code § 1304.002

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1304.002 - Definitions

In this chapter:

(1) "Administrator" means a person, other than the provider of the service contract or an employee of the provider, who is responsible for the third-party administration of a service contract.

(2) "Commission" means the Texas Commission of Licensing and Regulation.

(3) Repealed by Acts 2003, 78th Leg., ch. 816, Sec. 13.010(1); Acts 2003, 78th Leg., ch. 1276, Sec. 14A.337(a).

(4) "Consumer" means an individual who, for a purpose other than resale, buys tangible personal property that is:

(A) distributed in commerce; and

(B) normally used for personal, family, or household purposes and not for business or research purposes.

(5) "Department" means the Texas Department of Licensing and Regulation.

(5-a) "Executive director" means the executive director of the department.

(6) "Person" means an individual or an association, company, corporation, partnership, or other group.

(7) "Provider" means a person who is contractually obligated to a service contract holder under the terms of a service contract.

(8) "Reimbursement insurance policy" means a policy of insurance issued to a provider to:

(A) reimburse the provider under a service contract the provider issued or sold; or

(B) pay on behalf of the provider all covered contractual obligations that are incurred by the provider under a service contract the provider issued or sold and that the provider does not perform.

(8-a) "Seller" means a person, other than the provider or administrator of a service contract, who markets, sells, offers to sell, negotiates, or issues a service contract to a consumer on behalf of a provider, but who is not contractually obligated to a service contract holder under the terms of a service contract.

(9) "Service contract holder" means a person who purchases or otherwise holds a service contract.

Tex. Occ. Code § 1304.002

Amended By Acts 2011, 82nd Leg., R.S., Ch. 1081, Sec. 1.01, eff. 9/1/2011.

Amended By Acts 2005, 79th Leg., Ch. 63, Sec. 2, eff. 1/1/2006.

Amended by Acts 2003, 78th Leg., ch. 816, Sec. 13.001, 13.010(1), eff. 9/1/2003

Amended By Acts 2003, 78th Leg., ch. 1276, Sec. 14A.337(a), (b), eff. 9/1/2003.

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 3, eff. 6/1/2003.