§ 1103.001 Applicability of Subchapter
§ 1103.002 Insurable Interest of Beneficiary
§ 1103.003 Corporation, Joint Stock Association, or Trust Estate as Beneficiary
§ 1103.004 Partnership or Partner as Beneficiary
§ 1103.005 Religious, Educational, Eleemosynary, Charitable, or Benevolent Institution or Undertaking as Beneficiary
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Terms Used In Texas Insurance Code Chapter 1103 > Subchapter A - Statutory Life Insurance Beneficiaries; Insurable Interest

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.