A partnership or a member of a partnership may be designated as a beneficiary in a policy that insures the life of a member of the partnership.
Tex. Ins. Code § 1103.004
PARTNERSHIP OR PARTNER AS BENEFICIARY
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.