Texas Insurance Code 1104.024 – Commingling
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Terms Used In Texas Insurance Code 1104.024
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Trustee: A person or institution holding and administering property in trust.
Life insurance policy proceeds received by a trustee under this subchapter may be commingled with any other assets properly coming into the trust.