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Page A-614
What is MWP ACT 1874?
According to section 6 of the Married Women’s Property (MWP) Act: A married man can buy a life insurance policy for the benefit of his wife and child under this Act.
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Understanding the MWP Act in Insurance
The Married Women's Property Act 1874 was enacted to protect the assets held by women from families, lenders and even their spouses. Section 6 of the Married Women's Property Act specifically covers life insurance plans.