Sec. 1104.005. RESCISSION BECAUSE OF MINORITY PROHIBITED. 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.
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