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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) If the insured under a life or accident insurance policy and a beneficiary of the proceeds of that policy die within a period of less than 120 hours, the insured is considered to have survived the beneficiary for the purpose of determining the rights under the policy of the beneficiary or beneficiaries as such.
(b) This section does not prevent the applicability of Section 121.151 to proceeds of life or accident insurance that are community property.
Cite this article: FindLaw.com - Texas Estates Code - EST § 121.153. Distribution of Certain Insurance Proceeds - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-121-153/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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