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Insurance Code
Proposed Chapters
80C59(2) PB

80C59(2) PB

 

CHAPTER 1113.  MANAGEMENT, CONTROL, AND DISPOSITION OF CERTAIN LIFE INSURANCE AND ANNUITY CONTRACTS

Revised Law

Sec. 1113.001.  LIFE INSURANCE AND ANNUITY CONTRACTS OF SPOUSE.  Except to the extent provided by the contract or any assignment of the contract, a spouse has management, control, and disposition without the joinder or consent of the other spouse of any contract of life insurance or annuity issued in the spouse's name, regardless of whether the contract was issued before, on, or after January 1, 1968.  (V.T.I.C. Art. 3.49-3.)

Source Law

Art. 3.49-3.  A spouse shall have management, control and disposition of any contract of life insurance or annuity heretofore or hereafter issued in his or her name or to the extent provided by the contract or any assignment thereof without the joinder or consent of the other spouse.

Revisor's Note

V.T.I.C. Article 3.49-3 refers to a contract of life insurance or annuity "heretofore or hereafter" issued.  The revised law substitutes a reference to a contract issued before, on, or after January 1, 1968, for the quoted language because January 1, 1968, was the effective date of V.T.I.C. Article 3.49-3.

TLC: Insurance Code Proposed Chapters
This web page is published by the Texas Legislative Council and was last updated November 18, 2006.