The proceeds of a life insurance policy, annuity contract, or any money payable by a fraternal benefit society are exempt from claims in accordance with the provisions of §§ 8-431 and 16-111 of the Insurance Article.

Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 1997, c. 70, § 4, eff. Oct. 1, 1997.

Formerly Art. 93, § 8-115.