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Terms Used In Texas Education Code 54.911

  • 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 board may require a participant to verify under oath:
(1) the participant’s certification as an eligible individual;
(2) the participant’s selection to change a designated beneficiary;
(3) the participant’s selection to cancel a participation agreement; and
(4) any other information the board may require.