Tex. Ins. Code § 1201.010

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1201.010 - Third-Party Ownership of Policy

The use of "insured" in this chapter does not prevent a person with an insurable interest, other than the insured, from:

(1) applying for and owning an individual accident and health insurance policy covering the insured; or

(2) being entitled to an indemnity, right, or benefit provided for in an individual accident and health insurance policy covering the insured.

Tex. Ins. Code § 1201.010

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. 4/1/2005.