{"data":{"id":"us-va/va.-code-38.2-3111","jurisdiction":"us-va","citation":"Va. Code § 38.2-3111","heading":"Assignment of life insurance policies","body":"No life insurance policy shall be taken out by the insured or by a person having an insurable interest in the insured's life for the mere purpose of assignment. A policy may be assigned whether or not the assignee has an insurable interest in the life insured unless the policy provides otherwise.Code 1950, § 38-367; 1952, c. 317, § 38.1-442; 1962, c. 590; 1986, c. 562.","path":["Title 38.2. INSURANCE","Chapter 31. LIFE INSURANCE","Article 1. General Provisions"],"source_url":"https://law.lis.virginia.gov/vacode/38.2-3111/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:16:05Z","sha256":"ff957749af88b57f956aa949a5cda1d744eefafc71ab9b2fe65292793fdf7687","source_id":"us-va","stale":true,"prev":"us-va/va.-code-38.2-3110","next":"us-va/va.-code-38.2-3111.1"},"notice":"GroundRules: Original legal text. Not legal advice."}