This is a clone of the Texas Administrative Code (TAC) for educational purposes. It is not the official version and should not be used for legal purposes. Site created Wed, 21 May 2025 21:16:50 GMT

TITLE 28 - INSURANCE
PART 2 - TEXAS DEPARTMENT OF INSURANCE, DIVISION OF WORKERS' COMPENSATION
CHAPTER 56 - STRUCTURED COMPROMISE SETTLEMENT AGREEMENTS
SUBCHAPTER 56.5.html - null
SECTION/RULE §56.5 - Definitions
Chapter Review Date 06/30/2023

The following words and terms, when used in this chapter, shall have the following meanings, unless the context clearly indicates otherwise.(1) Annuity company--The company from which the carrier is purchasing an annuity for the claimant. The annuity company may be the carrier if the carrier meets the tests provided following for annuity companies (effective 1987).(2) Structured settlement--Structured compromise settlement agreement.

Source Note: The provisions of this §56.5 adopted to be effective December 21, 1987, 12 TexReg 4529.

View Official Rule