1108.051 – EXEMPTIONS FOR CERTAIN INSURANCE AND ANNUITY
Texas Insurance Code § 1108.051
Summary
This law outlines exemptions for certain insurance and annuity benefits, protecting the cash value and proceeds from creditors. It applies to benefits from life, health, or accident insurance policies and employer or individual annuity contracts.
Protects insurance and annuity benefits from creditor claims.
Applies to life, health, and accident insurance policies.
Includes employer or individual annuity contracts.
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In simple terms: Learn about Texas's EXEMPTIONS FOR CERTAIN INSURANCE AND ANNUITY law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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