Iowa Code
Iowa Code § 509.12 (2026)
Proceeds exempt from execution
✓ Iowa Code 2026 (laws through the 2025 session)
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A policy of group insurance and the proceeds of the policy are exempt from execution and attachment to the same extent as provided in chapter 627. [C24, 27, 31, §8683; C35, §8684-e13; C39, §8684.13; C46, §509.13; C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §509.12] 88 Acts, ch 1255, §1
\nNotes of Decisions
Cited in 2
cases, 1959–1986 · leading case: Serrano v. Hendricks, 400 N.W.2d 77 (Iowa Ct. App. 1986).
Serrano v. Hendricks, 400 N.W.2d 77 (Iowa Ct. App. 1986). “Section 509.12 is an exemption statute providing that [n]o policy of group insurance, nor the proceeds thereof, when payable to any person insured thereunder, or any beneficiary, shall be liable to attachment, garnishment, or other process, or to be seized, taken, appropriated,…”
Westinghouse Credit Corp. v. Crotts, 98 N.W.2d 843 (Iowa 1959). “Attention is directed to section 509.12 which grants complete exemption to “any person insured” or “any beneficiary” in the case of group insurance, and section 512.”
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