{"data":{"id":"us-tx/tex.-insurance-code-1103.055","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1103.055","heading":"DESIGNATION OF BENEFICIARY OF POLICY; TRANSFER OR ASSIGNMENT OF POLICY OR INTEREST.","body":"An individual of legal age who is insured under a life insurance policy may in writing:\n(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\n(2) in a manner and to the extent not prohibited by the policy, transfer or assign to any entity described by Subdivision (1):\n(A) the policy; or\n(B) an interest, benefit, right, or title in the policy.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 7. LIFE INSURANCE AND ANNUITIES","SUBTITLE A. LIFE INSURANCE IN GENERAL","CHAPTER 1103. LIFE INSURANCE POLICY BENEFICIARIES","SUBCHAPTER B. DESIGNATION OF BENEFICIARY OR OWNER OF LIFE INSURANCE POLICY; INSURABLE INTEREST"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1103.htm#1103.055","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"9f4017a07391cd545a160034b006e881e10ec9cfa02d6ad2178b3c93ac4ae018","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1103.054","next":"us-tx/tex.-insurance-code-1103.056"},"notice":"GroundRules: Original legal text. Not legal advice."}