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

Current as of January 01, 2024 | Updated by Findlaw Staff

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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Cite this article: FindLaw.com - Rhode Island General Laws Title 27. Insurance § 27-4-12. Provision for exemption from encumbrance, transfer, or claims of creditors - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-27-insurance/ri-gen-laws-sect-27-4-12/

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