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2018 Code of Virginia
Title 38.2 - Insurance
Chapter 31 - Life Insurance
Article 1. General Provisions
- § 38.2-3100. Scope of chapter
- § 38.2-3100.1. Forms of insurance authorized
- § 38.2-3100.2. Funding agreements
- § 38.2-3100.3. Requirements of life insurance or annuity contracts used to fund preneed funeral contracts
- § 38.2-3101. Legal reserve insurers
- § 38.2-3102. Domestic insurers prohibited from insuring lives and persons of residents of "reciprocal states."
- § 38.2-3103. Fraudulent procurement of policy; penalty
- § 38.2-3104. No policy to be issued purporting to take effect more than six months before application made; conversion permitted
- § 38.2-3105. What contracts with respect to life insurance may be made by minors
- § 38.2-3106. Suicide and execution not grounds of defense; exception
- § 38.2-3107. Incontestability of certain policies
- § 38.2-3108. Misstatement of age
- § 38.2-3109. Contestability of reinstated policy
- § 38.2-3110. Incontestability not applicable to excluded or restricted coverage
- § 38.2-3111. Assignment of life insurance policies
- § 38.2-3111.1. Annuity contract purchased to fund retirement benefits; transfer subject to Commission approval
- § 38.2-3112. Designation of testamentary trustee as beneficiary
- § 38.2-3113. Variable life insurance and variable annuities; separate accounts to be established; authority to issue; reports; special voting rights and procedures for owners
- § 38.2-3113.1. Modified guaranteed life insurance and modified guaranteed annuities; separate accounts; authority to issue; statements required; regulations to be issued; approval expenses
- § 38.2-3113.2. Qualified charitable gift annuities; issuance not business of insurance; disclosures to donors; unfair trade practices provisions not applicable
- § 38.2-3113.3. Educational loan provisions in life insurance policies
- § 38.2-3114. Statements required in variable life insurance and variable annuity contracts and certificates issued pursuant to group variable life insurance and group variable annuity contracts
- § 38.2-3115. Interest on life insurance and annuity contract proceeds
- § 38.2-3115.1. Accelerated payment of benefits
- § 38.2-3116. Commission to establish standards for simplified and readable life insurance and annuity policies
- § 38.2-3117. Standards for certain policies; prohibited policies
- § 38.2-3117.01. Provision of life insurance information upon notification of insured's death
Article 1.1. Use of Retained Asset Accounts
- § 38.2-3117.1. Definitions
- § 38.2-3117.2. Explanation of settlement options
- § 38.2-3117.3. Supplemental contract
- § 38.2-3117.4. Disclosures for retained asset accounts to beneficiaries
Article 2. Proceeds of Certain Policies
- § 38.2-3118. Spendthrift trusts created under life insurance policies
- § 38.2-3119. Limitation on ยง 38.2-3118
- § 38.2-3120. Repealed
- § 38.2-3121. Segregation of proceeds not required
- § 38.2-3122. Proceeds and avails of life insurance policies and annuity contracts free of certain claims
- § 38.2-3122.1. Annuity contract purchased to fund retirement benefits; protection from creditor's claims
- § 38.2-3123. Repealed
- § 38.2-3124. Protection of insurers from creditor's claims
- § 38.2-3125. Other rights of beneficiaries and assignees protected
Article 3. Reserves [Repealed]
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