Gaining legal competence in life insurance contracts

27_Gaining legal competence in life insurance contracts_JR

Women were granted the legal competence to enter life insurance contracts when article 997 of the Law of Obligations and Contracts was amended. Prior to this amendment, married women needed the permission of their husbands in order to enter a life insurance contract. The amended article stipulated that no third party was allowed to enter life insurance contracts on behalf of married women; in other words, the husbands’ permission is not needed. Entering such contracts is currently done after the approval of married women themselves, and under the supervision of the judiciary.