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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 38.2. Insurance |
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CHAPTER 31. Life Insurance |
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ARTICLE 1.1. Use of Retained Asset Accounts |
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SECTION 38.2-3117.2. Explanation of settlement options |
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The insurer shall provide the beneficiary, at the time a claim is made, written information describing the settlement options available under the policy and how to obtain specific details relevant to the options. |