38.2-3337 - Assignment. - Virginia Statutes

§ 38.2-3337. Assignment.

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

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