Texas Insurance Code
§ 1104.023 — DEBTS; INHERITANCE TAX
IN § 1104.023Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1104. LIFE INSURANCE AND ANNUITY CONTRACTS ISSUED TO CERTAIN PERSONS · Art. B. TRUSTEE NAMED AS BENEFICIARY OF LIFE INSURANCE POLICY
Statute text
View on sourceLife insurance policy proceeds received by a trustee under this subchapter are not subject to debts of the insured or to inheritance tax to any greater extent than if the proceeds were payable to a beneficiary other than the executor or administrator of the insured's estate.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.