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Is the insurance policy the joint property of husband and wife

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Is the insurance policy the joint property of husband and wife


        

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  • 2024-06-23 19:00:48

    Article 17 of the Marriage Law stipulates that the following property acquired by the husband and wife during their marriage relationship shall be jointly owned by the husband and wife:
    (1) Salary and bonus;
    (2) Income from production and operation;
    (3) Income from intellectual property;
    (4) Property derived from inheritance or donation, except as provided for in Item 3 of Article 18 of this Law;
    (5) Other properties that should be jointly owned.
    Article 18 of the Marriage Law shall be the property of the husband and wife under any of the following circumstances:
    (1) Premarital property of one party;
    (2) Medical expenses, living allowance for the disabled and other expenses received by one party due to physical injury;
    (3) The property determined in the will or gift contract to belong to the husband or wife only;
    (4) Daily necessities for one party;
    (5) Other properties that should belong to one party.
    Article 11 of Interpretation 2 of the Marriage Law: During the duration of the marriage relationship, the following properties belong to "other properties that should be jointly owned" as stipulated in Article 17 of the Marriage Law:
    (1) The income obtained from the investment of one party's personal property;
    (2) Housing subsidies and housing provident fund actually obtained or should be obtained by both men and women;
    (3) The pension insurance and bankruptcy resettlement compensation actually obtained or should be obtained by both men and women.
    Article 5 of Interpretation 3 of the Marriage Law: The income generated by one spouse's personal property after marriage, except for fruits and natural appreciation, shall be recognized as the joint property of the husband and wife.

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