Tex. Est. Code § 1161.105 · Subchapter C. INVESTMENTS IN CERTAIN INSURANCE OR ANNUITIES
CONTINUATION OF PREEXISTING POLICIES OR ANNUITIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A life, term, or endowment insurance policy or an annuity contract owned by the ward when a proceeding for the appointment of a guardian of the estate is commenced may be continued in full effect if it is shown that:
(1) the company issuing the policy or contract is an authorized life insurance company; or
(2) the policy or contract is administered by the Department of Veterans Affairs.
(b) All future premiums for an insurance policy or annuity contract described by Subsection (a) may be paid out of surplus funds of the ward's estate.
(c) The guardian of the estate must apply to the court for an order to:
(1) continue the policy, the contract, or both according to the existing terms of the policy or contract; or
(2) modify the policy or contract to fit any new developments affecting the ward's welfare.
(d) Before the court grants an application filed under Subsection (c), the guardian must file a report in the court that shows in detail the financial condition of the ward's estate on the date the application is filed.
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 fe965610b2889fb7679efc53ce868e8367a1c2679cc864e862188e47579b245f
- 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.