Texas Insurance Code 1551.011 – Exemption From Execution
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Terms Used In Texas Insurance Code 1551.011
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- 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
All benefit payments, contributions of employees and annuitants, and optional benefit payments, any rights, benefits, or payments accruing to a person under this chapter, and all money in a fund created by this chapter:
(1) are exempt from execution, attachment, garnishment, or any other process; and
(2) may not be assigned, except:
(A) for direct payment that a participant may assign to a provider of health care services; and
(B) as specifically provided by this chapter.