Code of Virginia (Last Updated:July 28, 2020) |
TITLE 38.2. Insurance |
CHAPTER 31. Life Insurance |
ARTICLE 1. General Provisions |
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 |