Ehnes v. Krinsky

The complaint of plaintiff in this action to set aside a fraudulent transfer of property has been dismissed upon the ground that the moneys transferred were exempt from the claim of creditors under subdivision 1 of section 166 of the Insurance Law. The moneys involved were the proceeds of a matured policy of life insurance obtained by defendant Krinsky on the life of her former husband. The policy was issued in December, 1941. The husband died in 1946, and the policy was paid.

Section 166 of the Insurance Law became effective January 1, 1940 (L. 1939, ch. 882). It provided for certain…