This law allows individuals to name religious, educational, or charitable organizations as beneficiaries in life insurance policies. It provides a way for policyholders to support these institutions financially after their death.
Allows designation of charitable organizations as life insurance beneficiaries.
Applicable to religious and educational institutions as well.
Supports financial contributions to benevolent causes posthumously.
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In simple terms: Learn about Texas's RELIGIOUS, EDUCATIONAL, ELEEMOSYNARY, law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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