CODE OF VIRGINIA

ASSIGNMENT (§ 38.2-3337)

With mutual agreement among the insured, the policyholder, and the insurer, any
person insured under a group life insurance policy may make an irrevocable
assignment of the rights and benefits conferred on him by any provision of the
policy or by this article. The assignment may be made to any person other than
the insured’s employer.

HISTORY: Code 1950, §§ 38-429, 38-431; 1952, c. 317, § 38.1-424; 1960, c.
273; 1968, c. 282; 1970, c. 145; 1986, c. 562.