Minn. Stat. § 550.39

Current through 2023, c. 127
Section 550.39 - [Effective 8/1/2024] EXEMPTION OF INSURANCE POLICIES

The net amount payable to any insured or to any beneficiary under any policy of accident or disability insurance or under accident or disability clauses attached to any policy of life insurance shall be exempt and free and clear from the claims of all creditors of such insured or such beneficiary and from all legal and judicial processes of execution, attachment, garnishment, or otherwise, up to a total amount of $1,000,000 per claim and subsequent award.

Minn. Stat. § 550.39

(9447-2) 1937 c 191 s 1

Amended by 2024 Minn. Laws, ch. 114,s 3-95, eff. 8/1/2024.
This section is set out more than once due to postponed, multiple, or conflicting amendments.