79R7920 DLF-D

By:  Wentworth                                                    S.B. No. 991



A BILL TO BE ENTITLED

AN ACT

relating to the forfeiture of certain contingent beneficiaries' 
rights under a life insurance policy.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 1103.152(b), Insurance Code,  is amended 
to read as follows:
	(b)  A contingent beneficiary is not entitled to receive the 
proceeds of a life insurance policy or contract if the contingent 
beneficiary:
		(1)  forfeits an interest in the policy or contract 
under Section 1103.151; or
		(2)  is not related by consanguinity to the insured and 
is related within the third degree by consanguinity, as determined 
under Chapter 573, Government Code, to a person who is a principal 
or an accomplice in wilfully bringing about the death of the 
insured.
	SECTION 2.  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, 2005.