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89(R) HB 1041 - Enrolled version - Bill Text
H.B. No. 1041
AN ACT
relating to the insurable interest of certain persons providing
care to individuals with disabilities in the life of those
individuals.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1103.053, Insurance Code, is amended by
amending Subsection (a) and adding Subsections (c) and (d) to read
as follows:
(a) Except as provided by Subsection (b)
or (c)
, a
beneficiary or owner of a life insurance policy who is designated in
accordance with this subchapter or an entity to which a life
insurance policy or an interest, benefit, right, or title in a life
insurance policy is transferred or assigned in accordance with this
subchapter has, at all times after the designation, an insurable
interest in the life of the individual who is insured under the
policy.
(c)
Notwithstanding Section 1103.051, this subsection
applies to a life insurance policy issued under Chapter 1101.
A
person providing care to an individual with a disability, including
an intellectual disability, at a state supported living center, as
defined by Section 531.002, Health and Safety Code, an assisted
living facility licensed under Chapter 247, Health and Safety Code,
an intermediate care facility licensed under Chapter 252, Health
and Safety Code, or a group home, as defined by Section 591.003,
Health and Safety Code, does not directly or indirectly have an
insurable interest in the life of an individual unless the person is
a relative of the individual.
(d)
In this section, "relative"
means an individual who is
related to the insured within the third degree by consanguinity or
affinity as determined under Chapter 573, Government Code.
SECTION 2. Section 1103.053(c), Insurance Code, as added by
this Act, applies only to an insurance policy delivered, issued for
delivery, or renewed on or after January 1, 2026.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2025.
______________________________
______________________________
President of the Senate
Speaker of the House
I certify that H.B. No. 1041 was passed by the House on April
23, 2025, by the following vote: Yeas 146, Nays 0, 2 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 1041 was passed by the Senate on May
16, 2025, by the following vote: Yeas 31, Nays 0.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor