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 § 27-4-12

Title 27Insurance

Ch. 27-4Life Insurance Policies and Reserves

This text of Rhode Island § 27-4-12 (§ 27-4-12. Provision for exemption from encumbrance, transfer, or claims of creditors.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 27-4-12 (2026).

Text

§ 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.