Rhode Island § 27-4-12 § 27-4-12. Provision for exemption from encumbrance, transfer, or claims of creditors.

Rhode Island Statutes

§ 27-4-12 — § 27-4-12. Provision for exemption from encumbrance, transfer, or claims of creditors.

Rhode Island·Title 27 Insurance·Ch. 27-4 Life Insurance Policies and Reserves

§ 27-4-12. Provision for exemption from encumbrance, transfer, or claims of creditors.
Any policy of life or endowment insurance or any annuity contract may provide that
            the proceeds of or payments under it shall not be subject to transfer, anticipation,
            or commutation or encumbrance by any beneficiary other than the insured or the purchaser
            of the annuity, and shall not be subject to the claims of a creditor of any beneficiary
            or any legal process against the beneficiary.
         

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§ 27-4-12. Provision for exemption from encumbrance, transfer, or claims of creditors.

Any policy of life or endowment insurance or any annuity contract may provide that the proceeds of or payments under it shall not be subject to transfer, anticipation, or commutation or encumbrance by any beneficiary other than the insured or the purchaser of the annuity, and shall not be subject to the claims of a creditor of any beneficiary or any legal process against the beneficiary.

Rhode Island § 27-4-12 (§ 27-4-12. Provision for exemption from encumbrance, transfer, or claims of creditors.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.