Texas Insurance Code

§ 1104.005 — RESCISSION BECAUSE OF MINORITY PROHIBITED

IN § 1104.005Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1104. LIFE INSURANCE AND ANNUITY CONTRACTS ISSUED TO CERTAIN PERSONS · Art. A. LIFE INSURANCE AND ANNUITY CONTRACTS WITH CERTAIN MINORS

Statute text

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A minor who acquires a policy or contract under this subchapter may not by reason of minority rescind, avoid, or repudiate:

(1)the policy or contract; or

(2)the exercise of a right or privilege, or the receipt of any benefit, under the policy or contract.

Legislative history

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