Tex. Insurance Code § 542.051: DEFINITIONS.
Where this section sits in the code
- INSURANCE CODE
- TITLE 5. PROTECTION OF CONSUMER INTERESTS
- SUBTITLE C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES
- CHAPTER 542. PROCESSING AND SETTLEMENT OF CLAIMS
- SUBCHAPTER B. PROMPT PAYMENT OF CLAIMS
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.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Collected 2026-08-27T01:47:21Z. Source file · JSON