Tex. Ins. Code § 542.051 : INSURANCE CODE — PROTECTION OF CONSUMER INTERESTS — DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES — PROCESSING AND SETTLEMENT OF CLAIMS — PROMPT PAYMENT OF CLAIMS — Definitions

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.

Tex. Ins. Code § 542.051

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. 4/1/2005.
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