State Codes and Statutes

Statutes > New-york > Gmu > Article-10 > 206-b

§   206-b.  Exemption  of  benefits  payable  under  blanket  accident  insurance covering  volunteer  firemen.  Not  only  shall  the  benefits  payable  or  allowable  under  any  blanket accident insurance policy or  contract purchased (1) by a fire department  pursuant  to  section  four  thousand  two  hundred  thirty-seven  of  the insurance law, or (2) by a  municipal corporation or fire district pursuant to any general,  special  or local law, to insure active volunteer firemen against injury or death  resulting  from  bodily  injuries  sustained  by  such  firemen  in  the  performance of their duties be exempt  from  execution  as  provided  in  subsection  (c)  of  section  three  thousand  two hundred twelve of the  insurance law, but also any benefits payable or allowable under any such  policy or contract in the event of the death  of  an  insured  volunteer  fireman shall be exempt from execution for the purpose of satisfying any  debt  or  liability  of  the  beneficiary  designated  in  the policy or  contract, or in the event that the insured volunteer fireman is a  minor  shall be exempt from execution for the purpose of satisfying any debt or  liability  of  the  person to whom such benefits are payable pursuant to  subsection (b) of section four thousand two hundred thirty-seven of  the  insurance law.

State Codes and Statutes

Statutes > New-york > Gmu > Article-10 > 206-b

§   206-b.  Exemption  of  benefits  payable  under  blanket  accident  insurance covering  volunteer  firemen.  Not  only  shall  the  benefits  payable  or  allowable  under  any  blanket accident insurance policy or  contract purchased (1) by a fire department  pursuant  to  section  four  thousand  two  hundred  thirty-seven  of  the insurance law, or (2) by a  municipal corporation or fire district pursuant to any general,  special  or local law, to insure active volunteer firemen against injury or death  resulting  from  bodily  injuries  sustained  by  such  firemen  in  the  performance of their duties be exempt  from  execution  as  provided  in  subsection  (c)  of  section  three  thousand  two hundred twelve of the  insurance law, but also any benefits payable or allowable under any such  policy or contract in the event of the death  of  an  insured  volunteer  fireman shall be exempt from execution for the purpose of satisfying any  debt  or  liability  of  the  beneficiary  designated  in  the policy or  contract, or in the event that the insured volunteer fireman is a  minor  shall be exempt from execution for the purpose of satisfying any debt or  liability  of  the  person to whom such benefits are payable pursuant to  subsection (b) of section four thousand two hundred thirty-seven of  the  insurance law.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Gmu > Article-10 > 206-b

§   206-b.  Exemption  of  benefits  payable  under  blanket  accident  insurance covering  volunteer  firemen.  Not  only  shall  the  benefits  payable  or  allowable  under  any  blanket accident insurance policy or  contract purchased (1) by a fire department  pursuant  to  section  four  thousand  two  hundred  thirty-seven  of  the insurance law, or (2) by a  municipal corporation or fire district pursuant to any general,  special  or local law, to insure active volunteer firemen against injury or death  resulting  from  bodily  injuries  sustained  by  such  firemen  in  the  performance of their duties be exempt  from  execution  as  provided  in  subsection  (c)  of  section  three  thousand  two hundred twelve of the  insurance law, but also any benefits payable or allowable under any such  policy or contract in the event of the death  of  an  insured  volunteer  fireman shall be exempt from execution for the purpose of satisfying any  debt  or  liability  of  the  beneficiary  designated  in  the policy or  contract, or in the event that the insured volunteer fireman is a  minor  shall be exempt from execution for the purpose of satisfying any debt or  liability  of  the  person to whom such benefits are payable pursuant to  subsection (b) of section four thousand two hundred thirty-seven of  the  insurance law.