A qualified beneficiary is an individual who is under the age of 18 or who is 18 years of age or older and enrolled in high school at the time the purchaser enters into the contract, who has not graduated from high school nor obtained high school equivalency certification, and is either:
  (1) a resident of the state of Texas; or
  (2) a non-resident who is the child of a parent who is a resident of the state of Texas at the time that parent enters into the contract.

Source Note: The provisions of this §7.61 adopted to be effective January 8, 1996, 20 TexReg 11124; amended to be effective December 3, 1997, 22 TexReg 11716.