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1994 SESSION

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LD0747152
HOUSE BILL NO. 310 Offered January 19, 1994 A BILL to amend and reenact § 51.1-510 of the Code of Virginia, relating to group life, accidental death, and dismemberment insurance programs provided by the Virginia Retirement System. ---------- Patron--Clement ---------- Referred to Committee on Appropriations ----------

Be it enacted by the General Assembly of Virginia:

1. That § 51.1-510 of the Code of Virginia is amended and reenacted as follows:

§ 51.1-510. Insurance exempt from legal process; voluntary irrevocable assignment permitted.

The insurance provided for in this chapter, including any optional insurance, and all proceeds therefrom shall be exempt from levy, garnishment, and other legal process. The insured may, however, make a voluntary irrevocable assignment thereof.