Policies on lives of minors
201(1)Except in respect of his rights as beneficiary, a minor who has attained the age of sixteen years has the capacity of a person of the age of nineteen years
(a)
to make an enforceable contract, and
(b)
in respect of a contract.
201(2)A beneficiary who has attained the age of eighteen years has the capacity of a person of the age of nineteen years to receive insurance money payable to him and to give a valid discharge therefor.
1968, c.6, s.201; 1972, c.5, s.2