                                 CODE OF VIRGINIA

PAYMENT OF BENEFITS (§ 38.2-3330)

Each group life insurance policy shall contain a provision that any sum payable
because of the death of the person insured shall be payable to the beneficiary
or beneficiaries designated by the person insured, subject to:

1. The provisions of the policy as to all or any part of such sum if there is no
designated beneficiary living at the time of death of the person insured; and

2. Any right reserved by the insurer in the policy and set forth in the
certificate to pay a part of the sum, not exceeding $2,000, to any person
appearing to the insurer to be equitably entitled thereto because of having
incurred funeral or other expenses incident to the death or last illness of the
person insured.

HISTORY: 1960, c. 273, § 38.1-427.1; 1986, c. 562.