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Virginia Law

Code of Virginia

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Chapter 31.
Life Insurance
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  • Article 1.
    General Provisions
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    • § 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