Texas Insurance Code

§ 1108.053 — EXCEPTIONS TO EXEMPTIONS

IN § 1108.053Title 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 do not apply to:

(1)a premium payment made in fraud of a creditor, subject to the applicable statute of limitations for recovering the payment;

(2)a debt of the insured or beneficiary secured by a pledge of the insurance policy or the proceeds of the policy; or

(3)a child support lien or levy under Chapter 157, Family Code.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.301(a), eff. Sept. 1, 2003.