Texas Government Code 814.006 – Simultaneous Death of Member and Beneficiary
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Government Code 814.006
- 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
When a member or annuitant and the beneficiary of the member or annuitant have died within a period of less than 120 hours, the member or annuitant is considered to have survived the beneficiary for the purpose of determining the rights to amounts payable under this subtitle on the death of the member or annuitant.