Tex. Ins. Code § 885.304 · Subchapter G. BENEFITS PROVIDED BY FRATERNAL BENEFIT SOCIETIES
BENEFICIARIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The owner of a benefit contract may change the beneficiary at any time in accordance with a fraternal benefit society's laws or rules unless the owner waives that right by specifically requesting in writing that the beneficiary designation be irrevocable.
(b) A fraternal benefit society may, through the fraternal benefit society's laws or rules, limit the scope of beneficiary designations and shall provide that a person whose designation as a beneficiary is revocable may not have or obtain a vested interest in the proceeds, in conformity with the benefit contract.
(c) If, at the death of an insured, a lawful beneficiary to whom the proceeds of the benefit contract are payable does not exist under the benefit contract, a fraternal benefit society shall pay the amount of the benefit under the benefit contract:
(1) to the personal representative of the insured; or
(2) if the owner of the benefit certificate is a person other than the insured, to the owner of the certificate.
(d) Subsection (c) does not apply to the extent funeral benefits may be paid under the benefit contract.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, 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.885.htm
- Text hash
- sha256 3e2e2dc5b88965ecbcae81fc59a6684bb98e51af3c6612560c2ccde73baff25c
- 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.