1108.102 – CERTAIN ASSIGNMENTS VOID. If an insurance
Texas Insurance Code § 1108.102
Summary
This law invalidates any assignment or commutation of benefits by a beneficiary if the insurance policy or contract explicitly prohibits it. It affects beneficiaries of certain insurance policies, annuities, or benefit plans who might attempt to transfer their rights.
Prohibits assignments if explicitly stated in the policy.
Attempts to assign benefits are considered void.
Applies to insurance policies, annuities, and benefit plans.
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In simple terms: Learn about Texas's CERTAIN ASSIGNMENTS VOID. If an insurance 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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