Tex. Ins. Code Section 1103.055
Designation of Beneficiary of Policy; Transfer or Assignment of Policy or Interest

An individual of legal age who is insured under a life insurance policy may in writing:

(1)

in a manner and to the extent permitted by the policy, designate any individual, partnership, association, corporation, or other legal entity as a beneficiary of the policy; and

(2)

in a manner and to the extent not prohibited by the policy, transfer or assign to any entity described by Subdivision (1):

(A)

the policy; or

(B)

an interest, benefit, right, or title in the policy.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.

Source: Section 1103.055 — Designation of Beneficiary of Policy; Transfer or Assignment of Policy or Interest, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­1103.­htm#1103.­055 (accessed May 18, 2024).

Green check means up to date. Up to date

Accessed:
May 18, 2024

§ 1103.055’s source at texas​.gov