§ 1103.051 Applicability of Subchapter
§ 1103.052 Liberal Construction
§ 1103.053 Insurable Interest of Beneficiary, Owner, Transferee, or Assignee
§ 1103.054 Designation of Beneficiary or Owner in Policy Application
§ 1103.055 Designation of Beneficiary of Policy; Transfer or Assignment of Policy or Interest
§ 1103.056 Purchase of or Application for Policy by Third Party

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Terms Used In Texas Insurance Code Chapter 1103 > Subchapter B - Designation of Beneficiary or Owner of Life Insurance Policy; Insurable Interest

  • 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
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005