Texas Estates Code § 1161.106 Control And Ownership Of Policies Or Annuities

Sec. 1161.106. CONTROL AND OWNERSHIP OF POLICIES OR ANNUITIES. (a) Control of an insurance policy or an annuity contract and of the incidents of ownership in the policy or contract is vested in the guardian of the estate during the ward's life and disability.

(b) A right, benefit, or interest that accrues under an insurance policy or annuity contract subject to this subchapter becomes the ward's exclusive property when the ward's disability is terminated.

Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.

Section: Previous  1161.053  1161.054  1161.101  1161.102  1161.103  1161.104  1161.105  1161.106  1161.151  1161.152  1161.153  1161.201  1161.202  1161.203  1161.204  Next

Last modified: September 28, 2016