{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-3124.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-3124.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-3124.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-3124.html"}],"law_id":80079,"edition_id":1,"section_id":80079,"structure_id":14931,"section_number":"38.2-3124","catch_line":"Protection of insurers from creditor&#8217;s claims","history":"Code 1950, \u00a7 38-121; 1952, c. 317, \u00a7 38.1-450; 1986, c. 562; 2018, c. 304.","full_text":"Notwithstanding \u00a7 38.2-3122, 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.","order_by":null,"text":{"0":{"id":286740,"text":"Notwithstanding \u00a7 38.2-3122, 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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14931,"edition_id":1,"name":"Proceeds of Certain Policies","identifier":"2","label":"article","depth":3,"order_by":1,"parent_id":13292,"metadata":{},"date_created":"2026-06-26 03:50:52","date_modified":"2026-06-26 03:50:52","permalink":{"id":214461,"object_type":"structure","relational_id":14931,"identifier":"2","token":"38.2\/31\/2","url":"\/38.2\/31\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13292,"edition_id":1,"name":"Life Insurance","identifier":"31","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:44:35","date_modified":"2026-06-26 03:44:35","permalink":{"id":214331,"object_type":"structure","relational_id":13292,"identifier":"31","token":"38.2\/31","url":"\/38.2\/31\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":84737,"structure_id":14931,"section_number":"38.2-3118","catch_line":"Spendthrift trusts created under life insurance policies","url":"\/38.2-3118\/","token":"38.2\/31\/2\/38.2-3118","metadata":false},{"id":66383,"structure_id":14931,"section_number":"38.2-3119","catch_line":"Limitation on \u00a7 38.2-3118","url":"\/38.2-3119\/","token":"38.2\/31\/2\/38.2-3119","metadata":false},{"id":76489,"structure_id":14931,"section_number":"38.2-3120","catch_line":"Repealed","url":"\/38.2-3120\/","token":"38.2\/31\/2\/38.2-3120","metadata":false},{"id":56979,"structure_id":14931,"section_number":"38.2-3121","catch_line":"Segregation of proceeds not required","url":"\/38.2-3121\/","token":"38.2\/31\/2\/38.2-3121","metadata":false},{"id":83224,"structure_id":14931,"section_number":"38.2-3122","catch_line":"Proceeds and avails of life insurance policies and annuity contracts free of certain claims","url":"\/38.2-3122\/","token":"38.2\/31\/2\/38.2-3122","metadata":false},{"id":62935,"structure_id":14931,"section_number":"38.2-3122.1","catch_line":"Annuity contract purchased to fund retirement benefits; protection from creditor's claims","url":"\/38.2-3122.1\/","token":"38.2\/31\/2\/38.2-3122.1","metadata":false},{"id":79949,"structure_id":14931,"section_number":"38.2-3123","catch_line":"Repealed","url":"\/38.2-3123\/","token":"38.2\/31\/2\/38.2-3123","metadata":false},{"id":80079,"structure_id":14931,"section_number":"38.2-3124","catch_line":"Protection of insurers from creditor's claims","url":"\/38.2-3124\/","token":"38.2\/31\/2\/38.2-3124","metadata":false},{"id":77784,"structure_id":14931,"section_number":"38.2-3125","catch_line":"Other rights of beneficiaries and assignees protected","url":"\/38.2-3125\/","token":"38.2\/31\/2\/38.2-3125","metadata":false}],"previous_section":{"id":79949,"structure_id":14931,"section_number":"38.2-3123","catch_line":"Repealed","url":"\/38.2-3123\/","token":"38.2\/31\/2\/38.2-3123","metadata":false},"next_section":{"id":77784,"structure_id":14931,"section_number":"38.2-3125","catch_line":"Other rights of beneficiaries and assignees protected","url":"\/38.2-3125\/","token":"38.2\/31\/2\/38.2-3125","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3124\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1952, chapter 317; in 1986, chapter 562; in 2018, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?181+ful+CHAP0304\">304<\/a>.<\/p>","references":false,"refers_to":[{"id":83224,"section_number":"38.2-3122","catch_line":"Proceeds and avails of life insurance policies and annuity contracts free of certain claims","order_by":null,"url":"\/38.2-3122\/"}],"permalink":{"id":214491,"object_type":"law","relational_id":80079,"identifier":"38.2-3124","token":"38.2\/31\/2\/38.2-3124","url":"\/38.2-3124\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-3124\/","token":"38.2\/31\/2\/38.2-3124","dublin_core":{"Title":"Protection of insurers from creditor&#8217;s claims","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3124","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Notwithstanding \u00a7&nbsp;<a class=\"law\" title=\"Proceeds and avails of life insurance policies and annuity contracts free of certain claims\" href=\"\/38.2-3122\/\">38.2-3122<\/a>, any <span class=\"dictionary\">insurer<\/span> issuing any <span class=\"dictionary\">insurance<\/span> policy shall be discharged of all liability on that policy by payment of its proceeds in accordance with its terms, unless before payment the <span class=\"dictionary\">insurer<\/span> receives written notice by or on behalf of a <span class=\"dictionary\">creditor<\/span> of a claim, stating the amount claimed and the nature of the claim.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nPROTECTION OF INSURERS FROM CREDITOR&#8217;S CLAIMS (\u00a7 38.2-3124)\n\nNotwithstanding \u00a7 38.2-3122, any insurer issuing any insurance policy shall be\ndischarged of all liability on that policy by payment of its proceeds in\naccordance with its terms, unless before payment the insurer receives written\nnotice by or on behalf of a creditor of a claim, stating the amount claimed and\nthe nature of the claim.\n\nHISTORY: Code 1950, \u00a7 38-121; 1952, c. 317, \u00a7 38.1-450; 1986, c. 562; 2018, c.\n304.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}