Virginia

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  • Title 38.2: Insurance
  • Chapter 31: Life Insurance
  • Article 2: Proceeds of Certain Policies

Proceeds of Certain Policies

This is the 2025 edition of the code. There is not the current edition. Browse all editions.

This is Article 2 of the Code of Virginia, titled “Proceeds of Certain Policies.” It is part of Chapter 31 “Life Insurance”, which is part of Title 38.2 “Insurance”.

It’s comprised of the following 9 sections.

§ 38.2-3118 Spendthrift trusts created under life insurance policies
§ 38.2-3119 Limitation on § 38.2-3118
§ 38.2-3120 Repealed
§ 38.2-3121 Segregation of proceeds not required
§ 38.2-3122 Proceeds and avails of life insurance policies and annuity contracts free of certain claims
§ 38.2-3122.1 Annuity contract purchased to fund retirement benefits; protection from creditor's claims
§ 38.2-3123 Repealed
§ 38.2-3124 Protection of insurers from creditor's claims
§ 38.2-3125 Other rights of beneficiaries and assignees protected

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