§ 206-b. Exemption of benefits payable under blanket accident
insurance covering volunteer firefighters. Not only shall the benefits
payable or allowable under any blanket accident insurance policy or
contract purchased (1) by a fire department pursuant to section four
thousand two hundred thirty-seven of the insurance law, or (2) by a
municipal corporation or fire district pursuant to any general, special
or local law, to insure active volunteer firefighters against injury or
death resulting from bodily injuries sustained by such firefighters in
the performance of their duties be exempt from execution as provided in
subsection (c) of section three thousand two hundred twelve of the
insurance law, but also any benefits payable or allowable under any such
policy or contract in the event of the death of an insured volunteer
firefighter shall be exempt from execution for the purpose of satisfying
any debt or liability of the beneficiary designated in the policy or
contract, or in the event that the insured volunteer firefighter is a
minor shall be exempt from execution for the purpose of satisfying any
debt or liability of the person to whom such benefits are payable
pursuant to subsection (b) of section four thousand two hundred
thirty-seven of the insurance law.