Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 4. REGULATION OF SOLVENCY |
Subtitle F. REINSURANCE |
Chapter 494. REINSURANCE OF AIRCRAFT AND SPACE EQUIPMENT RISKS |
Sec. 494.001. DEFINITIONS
Latest version.
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In this chapter:
(1) "Aircraft" means an object that is capable of:
(A) moving through the atmosphere, regardless of whether the object is powered or tethered; and
(B) lifting the weight of the object and an additional payload.
(2) "Space equipment" means a spacecraft, satellite, rocket, or other manmade object that may be:
(A) launched from earth into orbit around a celestial body or for space travel; or
(B) placed into orbit around a celestial body.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 1, eff. April 1, 2007.