Texas Government Code 834.302 – Selection of Death Benefit Plan by Survivor of Member
Current as of: 2024 | Check for updates
|
Other versions
(a) If a member eligible to select a death benefit plan under Section 834.301(a) dies without having made a selection or if a selection cannot be made effective, the member’s designated beneficiary may select a plan in the same manner as if the member had made the selection. If there is no designated beneficiary, the personal representative of the decedent‘s estate may make the selection.
(b) If a person dies who meets the description in Section 814.302(b), the person’s designated beneficiary or the guardian of surviving minor children may select a death benefit plan under that subsection.
Terms Used In Texas Government Code 834.302
- 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
- Decedent: A deceased person.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005