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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>80079</law_id><section_number>38.2-3124</section_number><catch_line>Protection of insurers from creditor&amp;#8217;s claims</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="31">Life Insurance</unit><unit label="article" level="3" order_by="1" identifier="2">Proceeds of Certain Policies</unit></structure><text>
						<section><p>Notwithstanding &#xA7;&#xA0;<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></text><history>Code 1950, &#xA7; 38-121; 1952, c. 317, &#xA7; 38.1-450; 1986, c. 562; 2018, c. 304.</history><metadata></metadata></law>
