Tex. Ins. Code § 1575.160

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1575.160 - Group Life or Accidental Death and Dismemberment Insurance: Payment of Claim

The amount of group life insurance or group accidental death and dismemberment insurance covering a retiree, dependent, surviving spouse, or surviving dependent child on the date of death shall be paid, on the establishment of a valid claim, only to:

(1) the beneficiary designated by the person in a signed and witnessed document received before death in the office of the trustee; or

(2) a person in the order prescribed by Section 824.103(b), Government Code, if a beneficiary is not properly designated or a beneficiary does not exist.

Tex. Ins. Code § 1575.160

Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.431(a), eff. 9/1/2003.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. 6/1/2003.