28 Tex. Admin. Code § 4.623
Current through Reg. 49, No. 49; December 6, 2024
There is no prohibition against a provision that permits the assignment of the policy benefits or proceeds. However, policies that make provision for dividends, coupon accumulations, or other guaranteed returns, and that also contain provision for the assignment of these funds to a third party for the purpose of establishing an investment for the policyholder are prohibited.
28 Tex. Admin. Code § 4.623