A beneficiary described by this subchapter who is designated in a life insurance policy has an insurable interest for the face amount of the policy and is entitled to collect that amount.
Tex. Ins. Code § 1103.002
INSURABLE INTEREST OF BENEFICIARY
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.