Texas § FI.154.206 - ASSIGNMENT OF RIGHT TO BENEFITS
Full text of Texas The Texas Constitution § FI.154.206 — ASSIGNMENT OF RIGHT TO BENEFITS, with citation guidance and answers to common questions.
§ FI.154.206. ASSIGNMENT OF RIGHT TO BENEFITS
ASSIGNMENT OF RIGHT TO BENEFITS. (a) The purchaser of an insurance-funded contract may assign the purchaser's ownership of and rights to benefits under the insurance policy to the seller, the funeral provider, the trustee, or other person. (b) An assignment to the seller, the funeral provider, or an affiliated trustee may not be made irrevocable unless: (1) the assignment is made solely to facilitate the eligibility of the purchaser under Title XIX, Social Security Act (42 U.S.C. Section 1396 et seq.), or other law providing for a public assistance program; or (2) the assignee is specifically prohibited from exercising any right under the policy except administration of the benefits. (c) An assignee under this section is subject to a fiduciary duty to apply the insurance policy benefits as provided by the contract and this chapter. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2009, 81st Leg., R.S., Ch. 1190 (H.B. 3762 ), Sec. 19, eff. September 1, 2009.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.154.206
What does The Texas Constitution § FI.154.206 cover?
Section FI.154.206 ("ASSIGNMENT OF RIGHT TO BENEFITS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.154.206?
A common citation format is "The Texas Constitution § FI.154.206" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.154.206 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.