Sec. 1104.002. CERTAIN TRANSACTIONS EXEMPT. This subchapter does not apply to a transaction between an insurance company and a minor described by Section 1104.003(a) that occurs after the date the company receives at its home office or its principal office in this state written notice from a parent of the minor stating that a parent or the parents of the minor elect that this subchapter not apply to the minor specifically named in the notice.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Structure Texas Statutes
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
Section 1104.001. Applicability of Subchapter
Section 1104.002. Certain Transactions Exempt
Section 1104.003. Authority to Contract
Section 1104.004. Written Approval by Adult Required