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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 1103.152: PAYMENT OF PROCEEDS TO CONTINGENT BENEFICIARY OR TO RELATIVE.

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Where this section sits in the code
  1. INSURANCE CODE
  2. TITLE 7. LIFE INSURANCE AND ANNUITIES
  3. SUBTITLE A. LIFE INSURANCE IN GENERAL
  4. CHAPTER 1103. LIFE INSURANCE POLICY BENEFICIARIES
  5. SUBCHAPTER D. FORFEITURE OF BENEFICIARY'S RIGHTS

(a) Except as provided by Subsection (b), if a beneficiary of a life insurance policy or contract forfeits an interest in the policy or contract under Section 1103.151, a contingent beneficiary named by the insured in the policy or contract is entitled to receive the proceeds of the policy or contract.

(b) A contingent beneficiary is not entitled to receive the proceeds of a life insurance policy or contract if the contingent beneficiary forfeits an interest in the policy or contract under Section 1103.151.

(c) If there is not a contingent beneficiary entitled to receive the proceeds of a life insurance policy or contract under Subsection (a), the nearest relative of the insured is entitled to receive those proceeds.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.

Collected 2026-08-27T01:47:21Z. Source file · JSON

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