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A BILL TO BE ENTITLED
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AN ACT
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relating to disclosure of a beneficiary to a funeral director under |
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a life insurance policy. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 1103, Insurance Code, is amended by |
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adding Subchapter E to read as follows: |
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SUBCHAPTER E. DISCLOSURE OF BENEFICIARY |
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Sec. 1103.201. APPLICABILITY OF SUBCHAPTER. This |
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subchapter applies to a life insurance company that: |
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(1) issues or delivers a life insurance policy in this |
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state; or |
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(2) is organized under the laws of this state. |
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Sec. 1103.202. FUNERAL DIRECTORS. If a funeral director |
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licensed under Chapter 651, Occupations Code, is directing an |
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insured's funeral, a life insurance company shall disclose the |
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beneficiary of the insured's life insurance policy to the director |
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on the director's request. |
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SECTION 2. This Act takes effect September 1, 2021. |