Life Insurance

  1. Law
  2. Code of Virginia
  3. Insurance
  4. Life Insurance

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Section
38.2-3100

Scope of chapter

Section
38.2-3100.1

Forms of insurance authorized

Section
38.2-3100.2

Funding agreements

Section
38.2-3100.3

Requirements of life insurance or annuity contracts used to fund preneed funeral contracts

Section
38.2-3101

Legal reserve insurers

Section
38.2-3102

Domestic insurers prohibited from insuring lives and persons of residents of "reciprocal states."

Section
38.2-3103

Fraudulent procurement of policy; penalty

Section
38.2-3104

No policy to be issued purporting to take effect more than six months before application made; conversion permitted

Section
38.2-3105

What contracts with respect to life insurance may be made by minors

Section
38.2-3106

Suicide and execution not grounds of defense; exception

Section
38.2-3107

Incontestability of certain policies

Section
38.2-3108

Misstatement of age

Section
38.2-3109

Contestability of reinstated policy

Section
38.2-3110

Incontestability not applicable to excluded or restricted coverage

Section
38.2-3111

Assignment of life insurance policies

Section
38.2-3111.1

Annuity contract purchased to fund retirement benefits; transfer subject to Commission approval

Section
38.2-3112

Designation of testamentary trustee as beneficiary

Section
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

Section
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

Section
38.2-3113.2

Qualified charitable gift annuities; issuance not business of insurance; disclosures to donors; unfair trade practices provisions not applicable

Section
38.2-3113.3

Educational loan provisions in life insurance policies

Section
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

Section
38.2-3115

Interest on life insurance and annuity contract proceeds

Section
38.2-3115.1

Accelerated payment of benefits

Section
38.2-3116

Commission to establish standards for simplified and readable life insurance and annuity policies

Section
38.2-3117

Standards for certain policies; prohibited policies

Section
38.2-3117.01

Provision of life insurance information upon notification of insured's death

Section
38.2-3117.1

Definitions

Section
38.2-3117.2

Explanation of settlement options

Section
38.2-3117.3

Supplemental contract

Section
38.2-3117.4

Disclosures for retained asset accounts to beneficiaries

Section
38.2-3118

Spendthrift trusts created under life insurance policies

Section
38.2-3119

Limitation on § 38.2-3118

Section
38.2-3120

Repealed

Section
38.2-3121

Segregation of proceeds not required

Section
38.2-3122

Proceeds and avails of life insurance policies and annuity contracts free of certain claims

Section
38.2-3122.1

Annuity contract purchased to fund retirement benefits; protection from creditor's claims

Section
38.2-3123

Repealed

Section
38.2-3124

Protection of insurers from creditor's claims

Section
38.2-3125

Other rights of beneficiaries and assignees protected

Section
38.2-3126

Repealed