1108.053 – EXCEPTIONS TO EXEMPTIONS. The exemptions
Texas Insurance Code § 1108.053
Summary
This law outlines specific exceptions to the exemptions provided in a previous section regarding insurance policy payments. It primarily affects creditors and beneficiaries by clarifying situations where certain payments are not exempt from claims, such as fraud, secured debts, and child support obligations.
Exemptions do not apply to fraudulent premium payments.
Secured debts against the policy are not exempt.
Child support liens are exceptions to exemptions.
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In simple terms: Learn about Texas's EXCEPTIONS TO EXEMPTIONS. The exemptions 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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