1113.001 – LIFE INSURANCE AND ANNUITY CONTRACTS OF SPOUSE.
Texas Insurance Code § 1113.001
Summary
This law allows one spouse to manage and control life insurance or annuity contracts issued in their name without needing the other spouse's consent. It applies to contracts issued at any time, ensuring individual autonomy in financial matters related to these contracts.
Spouses can independently manage life insurance and annuity contracts.
No consent from the other spouse is required.
Applies to contracts issued before or after January 1, 1968.
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In simple terms: Learn about Texas's LIFE INSURANCE AND ANNUITY CONTRACTS OF SPOUSE. 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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