Fraudulent procurement of policy; penalty

Va. Code Ann. § 38.2-3103
in effect
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A. No person shall knowingly secure, attempt to secure or cause to be secured a life insurance policy on any person who is not in an insurable condition by means of misrepresentations or false or fraudulent statements. B. An insurance agent who violates this section shall be subject to penalties under § 38.2-1831 in addition to the penalties of § 38.2-218 . Code 1950, § 38-369; 1952, c. 317, § 38.1-434; 1986, c. 562.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/38.2-3103/Fetched: 10/16/2026