Texas § IN.1109.013 - PRESUMPTION OF UNCLAIMED PROCEEDS
Full text of Texas The Texas Constitution § IN.1109.013 — PRESUMPTION OF UNCLAIMED PROCEEDS, with citation guidance and answers to common questions.
§ IN.1109.013. PRESUMPTION OF UNCLAIMED PROCEEDS
PRESUMPTION OF UNCLAIMED PROCEEDS; REPORT AND DELIVERY OF PROCEEDS. (a) The proceeds of a life insurance policy, annuity contract, or retained asset account, and any accrued contractual interest, are first payable to each designated beneficiary or owner as provided by the applicable policy or contract or terms governing the applicable account. (b) If a Death Master File match is confirmed, the proceeds of the relevant policy, contract, or account are considered unclaimed proceeds for purposes of this chapter on the third anniversary of the date on which, according to the insurer's records, the insurer completed a good faith effort as required by Section 1109.012 (c) that failed to locate a beneficiary or authorized representative if the proceeds remain unpaid and no beneficiary or authorized representative has submitted a claim for the proceeds to the insurer before that date. (c) An insurer shall report and deliver unclaimed proceeds to the comptroller as required by Chapter 74 , Property Code. (d) Repealed by Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514 ), Sec. 18(1), eff. May 18, 2021. (e) For purposes of this section, unclaimed proceeds do not include any statutory interest under Section 1103.104 . Added by Acts 2017, 85th Leg., R.S., Ch. 42 (S.B. 561 ), Sec. 1, eff. September 1, 2017. Amended by: Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514 ), Sec. 2, eff. May 18, 2021. Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514 ), Sec. 18(1), eff. May 18, 2021.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.1109.013
What does The Texas Constitution § IN.1109.013 cover?
Section IN.1109.013 ("PRESUMPTION OF UNCLAIMED PROCEEDS") 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 § IN.1109.013?
A common citation format is "The Texas Constitution § IN.1109.013" (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 § IN.1109.013 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.