Texas § IN.1551.255 - INCLUSION OF PROVISIONS FOR VIATICAL SETTLEMENTS
Full text of Texas The Texas Constitution § IN.1551.255 — INCLUSION OF PROVISIONS FOR VIATICAL SETTLEMENTS, with citation guidance and answers to common questions.
§ IN.1551.255. INCLUSION OF PROVISIONS FOR VIATICAL SETTLEMENTS
INCLUSION OF PROVISIONS FOR VIATICAL SETTLEMENTS. (a) In this section, "viatical settlement" has the meaning assigned to "life settlement contract" by Section 1111A.002 . (b) The board of trustees shall adopt rules that require a group life insurance coverage plan established under this chapter to allow a participant in the plan to make, in conjunction with receipt of a viatical settlement, an irrevocable designation of beneficiary for part or all of the group life coverage benefits. (c) A viatical settlement is not valid for any coverage under the group benefits program unless the participant has a terminal illness or terminal injury, as defined by rules adopted by the board of trustees, at the time application for benefits is made. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. June 1, 2003. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1156 (H.B. 2277 ), Sec. 16, eff. September 1, 2011.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.1551.255
What does The Texas Constitution § IN.1551.255 cover?
Section IN.1551.255 ("INCLUSION OF PROVISIONS FOR VIATICAL SETTLEMENTS") 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.1551.255?
A common citation format is "The Texas Constitution § IN.1551.255" (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.1551.255 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.