{"data":{"id":"us-tx/tex.-insurance-code-1103.056","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1103.056","heading":"PURCHASE OF OR APPLICATION FOR POLICY BY THIRD PARTY.","body":"An individual of legal age may in a single written document:\n(1) consent to the purchase of or application for an individual or group life insurance policy by a third party; and\n(2) designate or consent to the designation of any individual, partnership, association, corporation, or other legal entity as:\n(A) a beneficiary of the policy;\n(B) an absolute or partial owner of the policy; or\n(C) both a beneficiary and an absolute or partial owner of 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#1103.056","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"d3dd3eb6176139d652b21a9418956ceae52220a176ff7686eccc60a6a89e9aea","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1103.055","next":"us-tx/tex.-insurance-code-1103.101"},"notice":"GroundRules: Original legal text. Not legal advice."}