STATE STATUTES & CODES

VIRGINIA STATUTES AND CODES

Chapter 31 - Life Insurance (38.2-3100 thru 38.2-3144)

• 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.
• 38.2-3112 - 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 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.
• 38.2-3118 - Spendthrift trusts created under life insurance policies.
• 38.2-3119 - Limitation on § 38.2-3118.
• 38.2-3120 - Description unavailable
• 38.2-3121 - Segregation of proceeds not required.
• 38.2-3122 - Proceeds of policies payable to others free of claims against insured.
• 38.2-3123 - Amount of proceeds limited in certain cases.
• 38.2-3124 - Protection of insurers from creditor's claims.
• 38.2-3125 - Other rights of beneficiaries and assignees protected.
• 38.2-3126 - Annual valuation of reserves.
• 38.2-3127 - Acceptance of valuation of another state.
• 38.2-3127.1 - Actuarial opinion of reserves.
• 38.2-3128 - Decrease of standards higher than minimum.
• 38.2-3129 - Minimum valuation standard for policies issued prior to certain dates.
• 38.2-3130 - Minimum valuation standard of policies subsequently issued.
• 38.2-3131 - Minimum valuation standard for annuities subsequently issued.
• 38.2-3132 - Computation of minimum valuation standard of policies subsequently issued.
• 38.2-3133 - Calendar year statutory valuation interest rates.
• 38.2-3134 - Weighting factors.
• 38.2-3135 - Reference interest rate.
• 38.2-3136 - Alternative method for determining reference interest rates.
• 38.2-3137 - Reserve valuation method - Life insurance and endowment benefits.
• 38.2-3138 - Same - Annuity and pure endowment benefits.
• 38.2-3139 - Minimum reserves.
• 38.2-3140 - Optional reserve calculation.
• 38.2-3141 - Reserve calculation - Valuation net premium exceeding the gross premium charge.
• 38.2-3142 - Same - Indeterminate premium plans.
• 38.2-3143 - Assessment against insurers whose policies are valued.
• 38.2-3144 - Article not applicable in certain cases.

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