Code of Virginia - Title 38.2 Insurance - Section 38.2-3123 Amount of proceeds limited in certain cases

§ 38.2-3123. Amount of proceeds limited in certain cases

In the case of policies under the terms of which the right to change the beneficiary is reserved and as to which the cash surrender or loan value of the policy is claimed by the creditors, the insurance shall not be entitled to the protection afforded by § 38.2-3122.

(Code 1950, § 38-120; 1952, c. 317, § 38.1-449; 1986, c. 562; 1990, c. 942.)

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Last modified: April 16, 2009