A. A policy of group life insurance or the proceeds thereof payable to the individual insured or to the beneficiary thereunder shall not be liable, either before or after payment, to be applied by any legal or equitable process to pay any liability of any person having a right under the policy. The proceeds thereof, when not made payable to a named beneficiary or to a third person pursuant to a facility-of-payment clause, shall not constitute a part of the estate of the individual insured for the payment of his debts.
B. This section shall not apply to group life insurance issued pursuant to article 2 of chapter 6 of this title to a creditor covering his debtors, to the extent that such proceeds are applied to payment of the obligation for the purpose of which the insurance was so issued.
Notes of Decisions
Cited in
2
cases, 2006–2017 · leading case:
In Re Fahey
In Re Fahey (2006)
cob
“See Ariz.Rev.Stat. Ann. § 20-1132; Ark.Code Ann.”
Garcia v. Warfield (In re Garcia) (2017)
azd · cites it 22×
“On August 11, 2015, Debt- or filed an amendment to the schedules and statements, claiming that the insurance proceeds were exempt from the claims of her creditors under A.R.S. § 20-1132. Id. On February 2, 2016, Trustee filed an objection, asserting that § 20-1132 did not apply…”
— Ariz. Rev. Stat. § 20-1132(A) — 1 case
Garcia v. Warfield (In re Garcia) (2017)
azd
“On August 11, 2015, Debt- or filed an amendment to the schedules and statements, claiming that the insurance proceeds were exempt from the claims of her creditors under A.R.S. § 20-1132. Id. On February 2, 2016, Trustee filed an objection, asserting that § 20-1132 did not apply…”
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