1. Collections
  2. Code of Virginia
  3. Title 38.2
  4. Chapter 31

Article 1

General Provisions

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    38.2-3100Scope of chapter38.2-3100.1Forms of insurance authorized38.2-3100.2Funding agreements38.2-3100.3Requirements of life insurance or annuity contracts used to fund preneed funeral contracts38.2-3101Legal reserve insurers38.2-3102Domestic insurers prohibited from insuring lives and persons of residents of "reciprocal states."38.2-3103Fraudulent procurement of policy; penalty38.2-3104No policy to be issued purporting to take effect more than six months before application made; conversion permitted38.2-3105What contracts with respect to life insurance may be made by minors38.2-3106Suicide and execution not grounds of defense; exception38.2-3107Incontestability of certain policies38.2-3108Misstatement of age38.2-3109Contestability of reinstated policy38.2-3110Incontestability not applicable to excluded or restricted coverage38.2-3111Assignment of life insurance policies38.2-3111.1Annuity contract purchased to fund retirement benefits; transfer subject to Commission approval38.2-3112Designation of testamentary trustee as beneficiary38.2-3113Variable life insurance and variable annuities; separate accounts to be established; authority to issue; reports; special voting rights and procedures for owners38.2-3113.1Modified guaranteed life insurance and modified guaranteed annuities; separate accounts; authority to issue; statements required; regulations to be issued; approval expenses38.2-3113.2Qualified charitable gift annuities; issuance not business of insurance; disclosures to donors; unfair trade practices provisions not applicable38.2-3113.3Educational loan provisions in life insurance policies38.2-3114Statements required in variable life insurance and variable annuity contracts and certificates issued pursuant to group variable life insurance and group variable annuity contracts38.2-3115Interest on life insurance and annuity contract proceeds38.2-3115.1Accelerated payment of benefits38.2-3116Commission to establish standards for simplified and readable life insurance and annuity policies38.2-3117Standards for certain policies; prohibited policies38.2-3117.01Provision of life insurance information upon notification of insured's death