{"data":{"id":"us-ct/conn.-gen.-stat.-38a-450","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 38a-450","heading":"(Formerly Sec. 38-159). Certain corporations and associations may be made beneficiaries.","body":"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.","path":["TITLE 38a. INSURANCE","CHAPTER 700b. LIFE INSURANCE, ANNUITIES, BURIAL CONTRACTS AND LIFE SETTLEMENTS","PART I*. LIFE INSURANCE AND ANNUITIES"],"source_url":"https://www.cga.ct.gov/current/pub/chap_700b.htm#sec_38a-450","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:12Z","sha256":"ed32064fcba23ba4037a6da6cfe4b1920e8e59ea8bdfe0ab0ae3cb0eeb2695ce","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-38a-448-and-38a-449","next":"us-ct/conn.-gen.-stat.-38a-451"},"notice":"GroundRules: Original legal text. Not legal advice."}