Minnesota § 550.39 - EXEMPTION OF INSURANCE POLICIES
Full text of Minnesota Minnesota Statutes § 550.39 — EXEMPTION OF INSURANCE POLICIES, with citation guidance and answers to common questions.
§ 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, up to a total amount of $1,000,000 per claim and subsequent award.
History:
(9447-2) 1937 c 191 s 1; 2024 c 114 art 3 s 95
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 550.39
What does Minnesota Statutes § 550.39 cover?
Section 550.39 ("EXEMPTION OF INSURANCE POLICIES") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 550.39?
A common citation format is "Minnesota Statutes § 550.39" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 550.39 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.