33-15-513. Exemption from execution of proceeds of disability insurance. The proceeds or other payments of all contracts of disability insurance and of provisions providing benefits on account of the insured's disability that are supplemental to life insurance or annuity contracts are exempt from all liability for any debt of the insured and from any debt of the beneficiary existing at the time the proceeds are made available for the insured's use.
History: En. Sec. 293, Ch. 286, L. 1959; R.C.M. 1947, 40-3736; amd. Sec. 1192, Ch. 56, L. 2009.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 15. The Insurance Contract
33-15-501. Payment discharges insurer -- notice to contrary
33-15-502. Minor may give acquittance
33-15-503. Forms for proof of loss to be furnished
33-15-504. Claims administration not waiver
33-15-505. through 33-15-510 reserved
33-15-511. Exemption from execution of life insurance proceeds
33-15-512. Exemption from execution of proceeds of group life -- exception
33-15-513. Exemption from execution of proceeds of disability insurance
33-15-514. Exemption from execution of proceeds of annuity contracts -- assignability of rights