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550.39 EXEMPTION OF INSURANCE POLICIES.
The net amount payable to any insured or to any beneficiary under any policy of accident or
disability insurance or under accident or disability clauses attached to any policy of life insurance
shall be exempt and free and clear from the claims of all creditors of such insured or such
beneficiary and from all legal and judicial processes of execution, attachment, garnishment, or
otherwise.
History: (9447-2) 1937 c 191 s 1