Texas Insurance Code
§ 887.205 — LIFE INSURANCE CERTIFICATE BENEFICIARIES
IN § 887.205Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 887. PROVISIONS APPLICABLE TO CERTAIN MUTUAL ASSESSMENT COMPANIES · Art. E. POWERS AND DUTIES RELATING TO INSURANCE AND COVERAGES
Statute text
View on source(a)An association may pay death benefits only to:
(1)a member's spouse;
(2)a member's relative by blood to the fourth degree or by marriage to the third degree;
(3)a person actually dependent on the member;
(4)a creditor, estate, or other person with an insurable interest; or
(5)a purely charitable or religious institution.
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Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.