Finance Code § 154.206
A purchaser of an insurance-funded contract may assign policy ownership and benefits. Some assignments to the seller, funeral provider, or an affiliated trustee cannot be made irrevocable unless specific public-assistance-related conditions are met. Assignees must apply benefits as required by the contract and chapter.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
benefits assignment fiduciary duty insurance contracts
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Finance Code § 154.206
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