Texas Insurance Code 1201.204 – Policy Provisions Required by Other Jurisdiction
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 1201.204
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
An individual accident and health insurance policy of a foreign or alien insurer may contain any provision that is:
(1) not less favorable to the insured or the beneficiary than the provisions of this chapter; and
(2) prescribed or required by the law of the state under which the insurer is organized.