Segregation of proceeds not required

Va. Code Ann. § 38.2-3121
in effect
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No insurer holding the proceeds of any policy mentioned in § 38.2-3118 shall be required to segregate the proceeds but may hold them as a part of its general corporate funds. Code 1950, § 38-118; 1952, c. 317, § 38.1-447; 1986, c. 562.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/38.2-3121/Fetched: 10/16/2026

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