Texas § 1103.152 PAYMENT OF PROCEEDS TO CONTINGENT BENEFICIARY OR TO RELATIVE.

Texas Statutes

§ 1103.152 — PAYMENT OF PROCEEDS TO CONTINGENT BENEFICIARY OR TO RELATIVE.

Texas § 1103.152

Code INInsurance Code

This text of Texas § 1103.152 (PAYMENT OF PROCEEDS TO CONTINGENT BENEFICIARY OR TO RELATIVE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 1103.152 (2026).

Text

Sec. 1103.152. PAYMENT OF PROCEEDS TO CONTINGENT BENEFICIARY OR TO RELATIVE.

(a)Except as provided by Subsection (b), if a beneficiary of a life insurance policy or contract forfeits an interest in the policy or contract under Section 1103.151 , a contingent beneficiary named by the insured in the policy or contract is entitled to receive the proceeds of the policy or contract.

(b)A contingent beneficiary is not entitled to receive the proceeds of a life insurance policy or contract if the contingent beneficiary forfeits an interest in the policy or contract under Section 1103.151 .

(c)If there is not a contingent beneficiary entitled to receive the proceeds of a life insurance policy or contract under Subsection (a), the nearest relative of the insured is entitled to receive those proc

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Sec. 1103.152. PAYMENT OF PROCEEDS TO CONTINGENT BENEFICIARY OR TO RELATIVE. (a) Except as provided by Subsection (b), if a beneficiary of a life insurance policy or contract forfeits an interest in the policy or contract under Section 1103.151 , a contingent beneficiary named by the insured in the policy or contract is entitled to receive the proceeds of the policy or contract.
(b) A contingent beneficiary is not entitled to receive the proceeds of a life insurance policy or contract if the contingent beneficiary forfeits an interest in the policy or contract under Section 1103.151 .
(c) If there is not a contingent beneficiary entitled to receive the proceeds of a life insurance policy or contract under Subsection (a), the nearest relative of the insured is entitled to receive those proceeds.