Texas Family Code
§ 9.301 — PRE-DECREE DESIGNATION OF EX-SPOUSE AS BENEFICIARY OF LIFE INSURANCE
FA § 9.301Title 1. THE MARRIAGE RELATIONSHIP · Part C. DISSOLUTION OF MARRIAGE · Ch. 9. POST-DECREE PROCEEDINGS · Art. D. DISPOSITION OF UNDIVIDED BENEFICIAL INTEREST
Statute text
View on source(a)If a decree of divorce or annulment is rendered after an insured has designated the insured's spouse as a beneficiary under a life insurance policy in force at the time of rendition, a provision in the policy in favor of the insured's former spouse is not effective unless:
(1)the decree designates the insured's former spouse as the beneficiary;
(2)the insured redesignates the former spouse as the beneficiary after rendition of the decree; or
(3)the former spouse is designated to receive the proceeds in trust for, on behalf of, or for the benefit of a child or a dependent of either former spouse.
(b)If a designation is not effective under Subsection (a), the proceeds of the policy are payable to the named alternative beneficiary or, if there is not a named alternative beneficiary, to the estate of the insured.
(c)An insurer who pays the proceeds of a life insurance policy issued by the insurer to the beneficiary under a designation that is not effective under Subsection (a) is liable for payment of the proceeds to the person or estate provided by Subsection (b) only if:
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Legislative history
Added by Acts 1997, 75th Leg., ch. 7, Sec. 1, eff. April 17, 1997.