A minor who acquires a policy or contract under this subchapter may not by reason of minority rescind, avoid, or repudiate:

1. (1) the policy or contract; or
2. (2) the exercise of a right or privilege, or the receipt of any benefit, under the policy or contract.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.