Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 7. LIFE INSURANCE AND ANNUITIES |
Subtitle A. LIFE INSURANCE IN GENERAL |
Chapter 1104. LIFE INSURANCE AND ANNUITY CONTRACTS ISSUED TO CERTAIN PERSONS |
Subchapter A. LIFE INSURANCE AND ANNUITY CONTRACTS WITH CERTAIN MINORS |
Sec. 1104.005. RESCISSION BECAUSE OF MINORITY PROHIBITED
Latest version.
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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.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.