North Dakota § 26.1-33-36 Rights in life policies exempt from claims of creditors

North Dakota Statutes

§ 26.1-33-36 — Rights in life policies exempt from claims of creditors

North Dakota § 26.1-33-36

Title 26.1Insurance

Ch. 26.1-33Life Insurance

This text of North Dakota § 26.1-33-36 (Rights in life policies exempt from claims of creditors) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-33-36 (2026).

Text

The surrender value of any life insurance policy which, upon the death of the insured, would
be payable to the spouse, children, or any relative of the insured dependent, or likely to be
dependent, upon the insured for support, is exempt absolutely from the claims of creditors of the
insured to the extent provided in section 28-22-03.1. No creditor of the insured, and no court or
officer of a court acting for any such creditors, may elect for the insured to have the life
insurance policy surrendered or in anywise converted into money, and no life insurance policy or
property right in the policy belonging to the holder, except for the value thereof in excess of the
amount provided by section 28-22-03.1, may be subject to seizure under any process of any
court under any circumstance.

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The surrender value of any life insurance policy which, upon the death of the insured, would
be payable to the spouse, children, or any relative of the insured dependent, or likely to be
dependent, upon the insured for support, is exempt absolutely from the claims of creditors of the
insured to the extent provided in section 28-22-03.1. No creditor of the insured, and no court or
officer of a court acting for any such creditors, may elect for the insured to have the life
insurance policy surrendered or in anywise converted into money, and no life insurance policy or
property right in the policy belonging to the holder, except for the value thereof in excess of the
amount provided by section 28-22-03.1, may be subject to seizure under any process of any
court under any circumstance.