Tex. Ins. Code Section 1103.103
Discharge of Liability

In the absence of notice under Section 1103.102 (Payment to Designated Beneficiary)(b) received by the company before the date of payment, a company that issues a life insurance policy is discharged from all liability under the policy if the company pays the proceeds of the policy to a designated beneficiary under Section 1103.102 (Payment to Designated Beneficiary)(a).
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.

Source: Section 1103.103 — Discharge of Liability, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­1103.­htm#1103.­103 (accessed Jun. 5, 2024).

Jun. 5, 2024

§ 1103.103’s source at texas​.gov