                                 CODE OF VIRGINIA

FURTHER RESTRICTIONS AS TO BENEFICIARIES (§ 38.2-3545)

Within the permitted classes of beneficiaries prescribed in § 38.2-3544, the
issuing insurer may designate the classes of beneficiaries. No change of
beneficiary shall be made by assignment, will, or otherwise to any person
outside the designated classes without the consent of the insurer. If no person
within the classes of beneficiaries prescribed in § 38.2-3544 survives the
insured, the insurer may discharge its liability by payment of the proceeds of
the policy to any person appearing to the insurer to be equitably entitled to
the proceeds because of having incurred expense for the maintenance, medical
attention or burial of the insured.

HISTORY: Code 1950, § 38-352; 1952, c. 317, § 38.1-484; 1986, c. 562.