Tex. Ins. Code § 1108.053

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1108.053 - Exceptions to Exemptions

The exemptions provided by Section 1108.051 do not apply to:

(1) a premium payment made in fraud of a creditor, subject to the applicable statute of limitations for recovering the payment;

(2) a debt of the insured or beneficiary secured by a pledge of the insurance policy or the proceeds of the policy; or

(3) a child support lien or levy under Chapter 157, Family Code.

Tex. Ins. Code § 1108.053

Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.301(a), eff. 9/1/2003.