Tex. Ins. Code Section 1103.054
Designation of Beneficiary or Owner in Policy Application

An individual of legal age may:

(1)

apply for a policy insuring the individual’s life; and

(2)

designate in writing in the application for the policy any individual, partnership, association, corporation, or other legal entity as:

(A)

a beneficiary of the policy;

(B)

an absolute or partial owner of the policy; or

(C)

both a beneficiary and an absolute or partial owner of the policy.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.

Source: Section 1103.054 — Designation of Beneficiary or Owner in Policy Application, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­1103.­htm#1103.­054 (accessed May 25, 2024).

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Accessed:
May 25, 2024

§ 1103.054’s source at texas​.gov