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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 1103.003. Corporation, Joint Stock Association, or Trust Estate as Beneficiary - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1103-003/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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