Tex. Ins. Code § 1103.003 · Subchapter A. STATUTORY LIFE INSURANCE BENEFICIARIES; INSURABLE INTEREST
CORPORATION, JOINT STOCK ASSOCIATION, OR TRUST ESTATE AS BENEFICIARY.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A 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.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1103.htm
- Text hash
- sha256 3c49c64a6968fa90af088c6548ea8e382128621f036bc2fba1d8d94c7d8aaf97
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.