33-29-15
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33-29-15.
(a)
The proceeds or avails of all accident and sickness policies and of provisions
providing benefits on account of the insured´s disability which are
supplemental to life insurance or annuity contract, except credit accident and
sickness policies and credit life policies, shall be exempt from all liability
for any debt of the insured and from any debt of the beneficiary existing at the
time the proceeds are made available for his use.
(b)
The exemption of income benefits payable as the result of disability shall not
exceed an average of $250.00 of such benefits per month of the period of
disability.