Texas Insurance Code

§ 1103.004 — PARTNERSHIP OR PARTNER AS BENEFICIARY

IN § 1103.004Title 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

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A partnership or a member of a partnership may be designated as a beneficiary in a policy that insures the life of a member of the partnership.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.