(215 ILCS 5/369) (from Ch. 73, par. 981)
Sec. 369.
Rights of
minors.
Any minor of the age of fifteen years or more may, notwithstanding such
minority, contract for health and accident insurance on his own life for
his own benefit or for the benefit of his father, mother, husband, wife,
child, brother or sister, and may exercise all such contractual rights and
powers with respect to any such contract of insurance as might be exercised
by a person of full legal age, and may exercise with like effect all rights
and privileges under such contract, including the surrender of his interest
therein and the giving of a valid discharge for any benefit accruing or
money payable thereunder. Such minor shall not, by reason of his minority,
be entitled to rescind, avoid, or repudiate such contract, or any exercise
of a right or privilege thereunder.
(Source: Laws 1937, p. 696.)
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