Texas Insurance Code 884.355 – Designation of Beneficiaries
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 884.355
- 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
The designation of a beneficiary under a life insurance policy issued by a stipulated premium company must comply with Subchapter B, Chapter 1103, and Subchapter A, Chapter 1104.