Virginia Code 64.2-1054: Insurance policy or contract
Current as of: 2023 | Check for updates
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A. This section does not apply to a contract to which § 64.2-1056 applies.
Terms Used In Virginia Code 64.2-1054
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Beneficiary: includes :
1. See Virginia Code 64.2-1033
- Contract: A legal written agreement that becomes binding when signed.
- Fiduciary: A trustee, executor, or administrator.
- Fiduciary: includes a trustee, trust director under the Uniform Directed Trust Act (§ 64. See Virginia Code 64.2-1033
- Income: includes a part of receipts from a sale, exchange, or liquidation of a principal asset, to the extent provided in Articles 4 (§ 64.2-1050, profits from a business.
2022, c. 354.