# Tex. Insurance Code § 651.001: DEFINITIONS > Texas · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.001 ## Section - **Citation:** Tex. Insurance Code § 651.001 - **Heading:** DEFINITIONS - **Jurisdiction:** Texas - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** TX Code / Code in / Chapter 651 / Section 651.001 ## Text In this chapter: (1) "Annual percentage rate" means the annual percentage rate of finance charge determined under the Consumer Credit Protection Act and Regulation Z. (2) "Consumer Credit Protection Act" means the Consumer Credit Protection Act of 1970 (15 U.S.C. Section 1601 et seq.; 18 U.S.C. Section 891 et seq.). (2-a) "Insurance agent" means a person licensed under Subchapter E, Chapter 981 or Chapter 4051, 4052, 4053, 4054, 4055, 4056, or 4153. (3) "Insurance premium finance company" means: (A) a person engaged in the business of making loans under this chapter by entering into premium finance agreements with insureds or prospective insureds; (B) a person engaged in the business of acquiring premium finance agreements from insurance agents or brokers or from other insurance premium finance companies; or (C) an insurance agent or broker making loans under this chapter who holds premium finance agreements made and delivered by insureds that are payable to the agent or broker or to the agent's or broker's order. (4) "Insured" means a person who enters into a premium finance agreement with an insurance premium finance company. (5) "Insurer" means an entity organized or authorized to engage in the business of insurance under this code as a capital stock insurance company, title insurance company, reciprocal or interinsurance exchange, Lloyd's plan, fraternal benefit society, mutual or mutual assessment company of any kind, statewide mutual assessment company, local mutual aid association, burial association, county or farm mutual insurance company, fidelity, guaranty, or surety company, or trust company. (6) "License holder" means an insurance premium finance company that holds a license issued under Subchapter B. (7) "Person" means an individual, partnership, corporation, joint venture, trust, association, or other legal entity, regardless of organization. (8) "Premium finance agreement" means an agreement by which an insured or prospective insured promises to pay to an insurance premium finance company the amount advanced or to be advanced under the agreement to an insurer or to an insurance agent in payment of the premiums on an insurance contract. (8-a) "Premium finance agreement servicer" means a person who provides a premium finance company with collection, billing, or other services related to the administration of premium finance agreements. (9) "Regulation Z" means the federal regulations adopted under the Consumer Credit Protection Act as 12 C.F.R. Section 226.1 et seq. ## Nearby sections - [Tex. Insurance Code § 651.001 § 651.001. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.001.md) - [Tex. Insurance Code § 651.002 § 651.002. CERTAIN CONDUCT NOT ENGAGING IN BUSINESS AS INSURANCE PREMIUM FINANCE COMPANY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.002.md) - [Tex. Insurance Code § 651.003 § 651.003. RULES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.003.md) - [Tex. Insurance Code § 651.004 § 651.004. EMPLOYMENT OF EXAMINERS AND INVESTIGATORS; PAYMENT OF EXPENSES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.004.md) - [Tex. Insurance Code § 651.005 § 651.005. DEPOSIT AND USE OF FEES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.005.md) - [Tex. Insurance Code § 651.006 § 651.006. ASSESSMENTS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.006.md) - [Tex. Insurance Code § 651.007 § 651.007. APPLICABILITY OF CONSUMER CREDIT PROTECTION ACT AND REGULATION Z.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.007.md) - [Tex. Insurance Code § 651.008 § 651.008. AUTHORITY OF CERTAIN PROPERTY AND CASUALTY AGENTS TO CHARGE INTEREST TO CERTAIN PERSONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.008.md) - [Tex. Insurance Code § 651.051 § 651.051. LICENSE REQUIRED.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.051.md) - [Tex. Insurance Code § 651.052 § 651.052. LICENSE FEE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.052.md) - [Tex. Insurance Code § 651.053 § 651.053. ENTITLEMENT OF BANKS AND SAVINGS AND LOAN ASSOCIATIONS TO LICENSE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.053.md) - [Tex. Insurance Code § 651.054 § 651.054. APPLICATION FOR LICENSE; INVESTIGATION FEE; EXEMPTION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.054.md) - [Tex. Insurance Code § 651.055 § 651.055. REFUSAL TO ISSUE LICENSE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.055.md) - [Tex. Insurance Code § 651.056 § 651.056. NOTICE OF ACTION ON APPLICATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.056.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C651_S651.001. Check the current official text before relying on it. Not legal advice.