No person other than a spouse, relative by blood to the fourth degree, parent-in-law, child-in-law, stepparent, stepchild, or child by legal adoption of the member, or one who is dependent upon the member or one who has an insurable interest in the life of the member as described in § 38.2-301, shall be named a beneficiary of the member's certificate. Within the above limitations, each member shall have the right to designate his beneficiary and to change his beneficiary, upon due notice to the society. If the beneficiary is not living or if no allowable beneficiary has been designated, any proceeds otherwise payable shall be payable to the member's estate.
Code 1950, § 38-151; 1952, c. 317, § 38.1-561; 1986, c. 562; 2020, c. 900.
Structure Code of Virginia
§ 38.2-4000. Societies to which chapter applies
§ 38.2-4001. Society may be incorporated
§ 38.2-4002. Continuation of existing societies
§ 38.2-4003. Licensing of additional societies prohibited
§ 38.2-4004. What laws applicable
§ 38.2-4005. License may be renewed annually
§ 38.2-4007. Adoption of bylaws
§ 38.2-4008. Fidelity bond required
§ 38.2-4009. Inspection of books and papers
§ 38.2-4010. Accumulation of reserve for an emergency fund
§ 38.2-4011. Maintenance of reserve for an emergency fund
§ 38.2-4012. Disposition of reserve for an emergency fund; discontinuance of business; receiver
§ 38.2-4013. Certificates of membership
§ 38.2-4014. Required grace period
§ 38.2-4015. Certificate to specify amount of payment and when to be paid
§ 38.2-4016. Payments become liens on society's property
§ 38.2-4017. Notice of assessment
§ 38.2-4018. Liability on officers and directors for failing to levy assessments
§ 38.2-4020. When certificate invalid
§ 38.2-4021. Interest in benefits; assignability; liability to attachment, etc.
§ 38.2-4022. Certain contracts with undertakers, etc., forbidden