Code of Virginia - Title 38.2 Insurance - Section 38.2-3124 Protection of insurers from creditor's claims

§ 38.2-3124. Protection of insurers from creditor's claims

Notwithstanding §§ 38.2-3122 and 38.2-3123 any insurer issuing any insurance policy shall be discharged of all liability on that policy by payment of its proceeds in accordance with its terms, unless before payment the insurer receives written notice by or on behalf of a creditor of a claim, stating the amount claimed and the nature of the claim.

(Code 1950, § 38-121; 1952, c. 317, § 38.1-450; 1986, c. 562.)

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Last modified: April 16, 2009