Texas Insurance Code

§ 1108.052 — EXEMPTIONS UNAFFECTED BY BENEFICIARY DESIGNATION

IN § 1108.052Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1108. BENEFITS EXEMPT FROM SEIZURE · Art. B. EXEMPTIONS FROM SEIZURE

Statute text

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The exemptions provided by Section 1108.051 apply regardless of whether:

(1)the power to change the beneficiary is reserved to the insured; or

(2)the insured or the insured's estate is a beneficiary. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. Amended by:

Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 91 (S.B. 649), Sec. 1, eff. September 1, 2013.