The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.

1. (1) Annual statement--Annual statement most recently filed by the insurer with the Texas Department of Insurance.
2. (2) Board--State Board of Insurance.
3. (3) Commissioner--Commissioner of insurance.
4. (4) Department--Texas Department of Insurance.
5. (5) Line of insurance--Each line of business as specified in §7.1803 of this title (relating to What Constitutes a Line of Insurance).

6. (6) Withdrawal--

   1. (A) Substantial withdrawal occurs when an insurer on its own initiative reduces the company's total annual premium volume for a line of insurance, as defined in §7.1803 of this title (relating to What Constitutes a Line of Insurance), by 75% or more, except when the insurer meets any exception specified in §7.1804(b) of this title (relating to When a Plan Is Required).
   2. (B) Total withdrawal occurs when an insurer on its own initiative no longer engages in the writing of a line of insurance, as defined in §7.1803 of this title (relating to What Constitutes a Line of Insurance), except when the insurer meets any exception specified in §7.1804(b) of this title (relating to When a Plan Is Required).

Source Note:The provisions of this §7.1802 adopted to be effective July 22, 1993, 18 TexReg 4504.