Connecticut Statutes
§ 38a-450 — (Formerly Sec. 38-159). Certain corporations and associations may be made beneficiaries.
Connecticut·Title 38a Insurance·Ch. 700b Life Insurance, Annuities, Burial Contracts and Life Settlements
Any life insurance company doing business within the state may issue policies of insurance predicated upon the life or lives of any person or persons, payable at maturity to any educational, ecclesiastical, benevolent, charitable or eleemosynary corporation which can legally take and receive testamentary legacies, irrespective of a financial interest on the part of such corporation in the life of the person or persons insured.
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Connecticut § 38a-450 ((Formerly Sec. 38-159). Certain corporations and associations may be made beneficiaries.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(1949 Rev., S. 6149.) History: Sec. 38-159 transferred to Sec. 38a-450 in 1991.
Nearby Sections
15
§ 38a-1000
Applicability.§ 38a-1001
Definitions.§ 38a-1005
Examination of group. Costs.§ 38a-1006
Group board of trustees.§ 38a-1011
Taxes.