Tex. Insurance Code § 1103.003
This is the official text of Tex. Insurance Code § 1103.003, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 1103.003. CORPORATION, JOINT STOCK ASSOCIATION, OR TRUST ESTATE AS BENEFICIARY.
Official statutory text
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.
Status: in_force · Read it on the official government site
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