Texas Insurance Code 1575.006 – Exemption From Process
Current as of: 2024 | Check for updates
|
Other versions
(a) The following are exempt from execution, attachment, garnishment, or any other process:
(1) benefit payments, active employee and state contributions, and retiree, surviving spouse, and surviving dependent child contributions;
(2) any rights, benefits, or payments accruing to any person under this chapter; and
(3) any money in the fund.
(b) The items listed in Subsection (a) may not be assigned except for direct payment to benefit providers as authorized by the trustee by contract, rule, or otherwise.
Terms Used In Texas Insurance Code 1575.006
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Contract: A legal written agreement that becomes binding when signed.
- Dependent: A person dependent for support upon another.
- Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Rule: includes regulation. See Texas Government Code 311.005
- Trustee: A person or institution holding and administering property in trust.