Texas Insurance Code

§ 1104.024 — COMMINGLING

IN § 1104.024Title 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

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Life insurance policy proceeds received by a trustee under this subchapter may be commingled with any other assets properly coming into the trust.

Legislative history

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