Texas Insurance Code
§ 1103.003 — CORPORATION, JOINT STOCK ASSOCIATION, OR TRUST ESTATE AS BENEFICIARY
IN § 1103.003Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1103. LIFE INSURANCE POLICY BENEFICIARIES · Art. A. STATUTORY LIFE INSURANCE BENEFICIARIES; INSURABLE INTEREST
Statute text
View on sourceA corporation, a joint stock association, or a trust estate that is engaging in business for profit may be designated as a beneficiary in a policy that insures the life of an officer or stockholder of the corporation, joint stock association, or trust estate.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.