Tex. Est. Code § 1161.103 · Subchapter C. INVESTMENTS IN CERTAIN INSURANCE OR ANNUITIES
INVESTMENT REQUIREMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurance policy in which the guardian of the estate invests must be issued on the life of:
(1) the ward;
(2) the ward's parent, spouse, child, sibling, or grandparent; or
(3) another person in whose life the ward may have an insurable interest.
(b) The ward must be the annuitant in the annuity contract in which the guardian of the estate invests.
(c) Only the ward, the ward's estate, or the ward's parent, spouse, child, sibling, or grandparent may be a beneficiary of the insurance policy or of the death benefit of the annuity contract.
(d) The insurance policy or annuity contract may not be amended or changed during the ward's life and disability, except on application to and order of the court.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ES/htm/ES.1161.htm
- Text hash
- sha256 740418b06e45ce939b437324e8d37bcd10386d732a00978f67bf3a8e69020ddd
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.