Texas Insurance Code
§ 1103.002 — INSURABLE INTEREST OF BENEFICIARY
IN § 1103.002Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1103. LIFE INSURANCE POLICY BENEFICIARIES · Art. A. STATUTORY LIFE INSURANCE BENEFICIARIES; INSURABLE INTEREST
Statute text
View on sourceA beneficiary described by this subchapter who is designated in a life insurance policy has an insurable interest for the face amount of the policy and is entitled to collect that amount.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.