General Provisions

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This is Article 1 of the Code of Virginia, titled “General Provisions.” It is part of Chapter 31 “Life Insurance”, which is part of Title 38.2 “Insurance”.

It’s comprised of the following 27 sections.

§ 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