Tex. Ins. Code § 1104.023

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1104.023 - Debts; Inheritance Tax

Life insurance policy proceeds received by a trustee under this subchapter are not subject to debts of the insured or to inheritance tax to any greater extent than if the proceeds were payable to a beneficiary other than the executor or administrator of the insured's estate.

Tex. Ins. Code § 1104.023

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.