Sec. 1103.005. RELIGIOUS, EDUCATIONAL, ELEEMOSYNARY, CHARITABLE, OR BENEVOLENT INSTITUTION OR UNDERTAKING AS BENEFICIARY. A religious, educational, eleemosynary, charitable, or benevolent institution or undertaking may be designated as a beneficiary in a policy that insures the life of an individual.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle A - Life Insurance in General
Chapter 1103 - Life Insurance Policy Beneficiaries
Subchapter A. Statutory Life Insurance Beneficiaries; Insurable Interest
Section 1103.001. Applicability of Subchapter
Section 1103.002. Insurable Interest of Beneficiary
Section 1103.003. Corporation, Joint Stock Association, or Trust Estate as Beneficiary