Sec. 1103.054. DESIGNATION OF BENEFICIARY OR OWNER IN POLICY APPLICATION

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An individual of legal age may:
(1) apply for a policy insuring the individual's life; and
(2) designate in writing in the application for the policy any individual, partnership, association, corporation, or other legal entity as:
(A) a beneficiary of the policy;
(B) an absolute or partial owner of the policy; or
(C) both a beneficiary and an absolute or partial owner of the policy.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.

                    
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