Tex. Ins. Code § 1103.056 · Subchapter B. DESIGNATION OF BENEFICIARY OR OWNER OF LIFE INSURANCE POLICY; INSURABLE INTEREST
PURCHASE OF OR APPLICATION FOR POLICY BY THIRD PARTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An individual of legal age may in a single written document:
(1) consent to the purchase of or application for an individual or group life insurance policy by a third party; and
(2) designate or consent to the designation of 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.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1103.htm
- Text hash
- sha256 8eaf2773e12b7bf8f2de61f6f227265e220737244da6715cedf58a4d7471bd03
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.