{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/64.2-1631.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/64.2-1631.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/64.2-1631.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/64.2-1631.html"}],"law_id":375965,"edition_id":2,"section_id":375965,"structure_id":53464,"section_number":"64.2-1631","catch_line":"Insurance and annuities","history":"2010, cc. 455, 632, \u00a7 26-104; 2012, c. 614.","full_text":"Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to insurance and annuities authorizes the agent to:\n\n1\n\nContinue, pay the premium or make a contribution on, modify, exchange, rescind, release, or terminate a contract procured by or on behalf of the principal that insures or provides an annuity to either the principal or another person, whether or not the principal is a beneficiary under the contract;\n\n2\n\nProcure new, different, and additional contracts of insurance and annuities for the principal and the principal’s spouse, children, and other dependents and select the amount, type of insurance or annuity, and mode of payment;\n\n3\n\nPay the premium or make a contribution on, modify, exchange, rescind, release, or terminate a contract of insurance or annuity procured by the agent;\n\n4\n\nApply for and receive a loan secured by a contract of insurance or annuity;\n\n5\n\nSurrender and receive the cash surrender value on a contract of insurance or annuity;\n\n6\n\nExercise an election;\n\n7\n\nExercise investment powers available under a contract of insurance or annuity;\n\n8\n\nChange the manner of paying premiums on a contract of insurance or annuity;\n\n9\n\nChange or convert the type of insurance or annuity with respect to which the principal has or claims to have authority described in this section;\n\n10\n\nApply for and procure a benefit or assistance under a statute or regulation to guarantee or pay premiums of a contract of insurance on the life of the principal;\n\n11\n\nCollect, sell, assign, hypothecate, borrow against, or pledge the interest of the principal in a contract of insurance or annuity;\n\n12\n\nSelect the form and timing of the payment of proceeds from a contract of insurance or annuity; and\n\n13\n\nPay, from proceeds or otherwise, compromise or contest, and apply for refunds in connection with a tax or assessment levied by a taxing authority with respect to a contract of insurance or annuity or its proceeds or liability accruing by reason of the tax or assessment.\n\n","order_by":null,"text":{"0":{"id":1403743,"text":"Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to insurance and annuities authorizes the agent to:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":1403744,"text":"Continue, pay the premium or make a contribution on, modify, exchange, rescind, release, or terminate a contract procured by or on behalf of the principal that insures or provides an annuity to either the principal or another person, whether or not the principal is a beneficiary under the contract;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":1403745,"text":"Procure new, different, and additional contracts of insurance and annuities for the principal and the principal’s spouse, children, and other dependents and select the amount, type of insurance or annuity, and mode of payment;","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":1403746,"text":"Pay the premium or make a contribution on, modify, exchange, rescind, release, or terminate a contract of insurance or annuity procured by the agent;","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":1403747,"text":"Apply for and receive a loan secured by a contract of insurance or annuity;","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3","next_prefix":"5"},"5":{"id":1403748,"text":"Surrender and receive the cash surrender value on a contract of insurance or annuity;","type":"section","prefixes":["5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":1,"prior_prefix":"4","next_prefix":"6"},"6":{"id":1403749,"text":"Exercise an election;","type":"section","prefixes":["6"],"prefix":"6","entire_prefix":"6","prefix_anchor":"6","level":1,"prior_prefix":"5","next_prefix":"7"},"7":{"id":1403750,"text":"Exercise investment powers available under a contract of insurance or annuity;","type":"section","prefixes":["7"],"prefix":"7","entire_prefix":"7","prefix_anchor":"7","level":1,"prior_prefix":"6","next_prefix":"8"},"8":{"id":1403751,"text":"Change the manner of paying premiums on a contract of insurance or annuity;","type":"section","prefixes":["8"],"prefix":"8","entire_prefix":"8","prefix_anchor":"8","level":1,"prior_prefix":"7","next_prefix":"9"},"9":{"id":1403752,"text":"Change or convert the type of insurance or annuity with respect to which the principal has or claims to have authority described in this section;","type":"section","prefixes":["9"],"prefix":"9","entire_prefix":"9","prefix_anchor":"9","level":1,"prior_prefix":"8","next_prefix":"10"},"10":{"id":1403753,"text":"Apply for and procure a benefit or assistance under a statute or regulation to guarantee or pay premiums of a contract of insurance on the life of the principal;","type":"section","prefixes":["10"],"prefix":"10","entire_prefix":"10","prefix_anchor":"10","level":1,"prior_prefix":"9","next_prefix":"11"},"11":{"id":1403754,"text":"Collect, sell, assign, hypothecate, borrow against, or pledge the interest of the principal in a contract of insurance or annuity;","type":"section","prefixes":["11"],"prefix":"11","entire_prefix":"11","prefix_anchor":"11","level":1,"prior_prefix":"10","next_prefix":"12"},"12":{"id":1403755,"text":"Select the form and timing of the payment of proceeds from a contract of insurance or annuity; and","type":"section","prefixes":["12"],"prefix":"12","entire_prefix":"12","prefix_anchor":"12","level":1,"prior_prefix":"11","next_prefix":"13"},"13":{"id":1403756,"text":"Pay, from proceeds or otherwise, compromise or contest, and apply for refunds in connection with a tax or assessment levied by a taxing authority with respect to a contract of insurance or annuity or its proceeds or liability accruing by reason of the tax or assessment.","type":"section","prefixes":["13"],"prefix":"13","entire_prefix":"13","prefix_anchor":"13","level":1,"prior_prefix":"12"}},"ancestry":[{"id":53464,"edition_id":2,"name":"Authority","identifier":"2","label":"article","depth":5,"order_by":2,"parent_id":53462,"metadata":{"child_laws":17,"child_structures":0},"date_created":"2026-08-02 03:16:49","date_modified":"2026-08-02 12:37:21","permalink":{"id":1502249,"object_type":"structure","relational_id":53464,"identifier":"2","token":"64.2\/IV\/B\/16\/2","url":"\/64.2\/IV\/B\/16\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53462,"edition_id":2,"name":"Uniform Power of Attorney Act","identifier":"16","label":"chapter","depth":4,"order_by":1,"parent_id":53461,"metadata":{"child_laws":43,"child_structures":4},"date_created":"2026-08-02 03:16:47","date_modified":"2026-08-02 12:37:21","permalink":{"id":1502157,"object_type":"structure","relational_id":53462,"identifier":"16","token":"64.2\/IV\/B\/16","url":"\/64.2\/IV\/B\/16\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53461,"edition_id":2,"name":"Powers of Attorney","identifier":"B","label":"part","depth":3,"order_by":2,"parent_id":53453,"metadata":{"child_laws":43,"child_structures":5},"date_created":"2026-08-02 03:16:47","date_modified":"2026-08-02 12:37:21","permalink":{"id":1502155,"object_type":"structure","relational_id":53461,"identifier":"B","token":"64.2\/IV\/B","url":"\/64.2\/IV\/B\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53453,"edition_id":2,"name":"Fiduciaries and Guardians","identifier":"IV","label":"subtitle","depth":2,"order_by":4,"parent_id":53424,"metadata":{"child_laws":215,"child_structures":27},"date_created":"2026-08-02 03:16:39","date_modified":"2026-08-02 12:37:18","permalink":{"id":1501815,"object_type":"structure","relational_id":53453,"identifier":"IV","token":"64.2\/IV","url":"\/64.2\/IV\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53424,"edition_id":2,"name":"Wills, Trusts, and Fiduciaries","identifier":"64.2","label":"title","depth":1,"order_by":136,"parent_id":null,"metadata":{"child_laws":776,"child_structures":114},"date_created":"2026-08-02 03:16:27","date_modified":"2026-08-02 12:37:05","permalink":{"id":1499783,"object_type":"structure","relational_id":53424,"identifier":"64.2","token":"64.2","url":"\/64.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":375956,"structure_id":53464,"section_number":"64.2-1622","catch_line":"Authority that requires specific grant; grant of general authority","url":"\/64.2-1622\/","token":"64.2\/IV\/B\/16\/2\/64.2-1622","metadata":false},{"id":375957,"structure_id":53464,"section_number":"64.2-1623","catch_line":"Incorporation of authority","url":"\/64.2-1623\/","token":"64.2\/IV\/B\/16\/2\/64.2-1623","metadata":false},{"id":375958,"structure_id":53464,"section_number":"64.2-1624","catch_line":"Construction of authority generally","url":"\/64.2-1624\/","token":"64.2\/IV\/B\/16\/2\/64.2-1624","metadata":false},{"id":375959,"structure_id":53464,"section_number":"64.2-1625","catch_line":"Real property","url":"\/64.2-1625\/","token":"64.2\/IV\/B\/16\/2\/64.2-1625","metadata":false},{"id":375960,"structure_id":53464,"section_number":"64.2-1626","catch_line":"Tangible personal property","url":"\/64.2-1626\/","token":"64.2\/IV\/B\/16\/2\/64.2-1626","metadata":false},{"id":375961,"structure_id":53464,"section_number":"64.2-1627","catch_line":"Stocks and bonds","url":"\/64.2-1627\/","token":"64.2\/IV\/B\/16\/2\/64.2-1627","metadata":false},{"id":375962,"structure_id":53464,"section_number":"64.2-1628","catch_line":"Commodities and options","url":"\/64.2-1628\/","token":"64.2\/IV\/B\/16\/2\/64.2-1628","metadata":false},{"id":375963,"structure_id":53464,"section_number":"64.2-1629","catch_line":"Banks and other financial institutions","url":"\/64.2-1629\/","token":"64.2\/IV\/B\/16\/2\/64.2-1629","metadata":false},{"id":375964,"structure_id":53464,"section_number":"64.2-1630","catch_line":"Operation of entity or business","url":"\/64.2-1630\/","token":"64.2\/IV\/B\/16\/2\/64.2-1630","metadata":false},{"id":375965,"structure_id":53464,"section_number":"64.2-1631","catch_line":"Insurance and annuities","url":"\/64.2-1631\/","token":"64.2\/IV\/B\/16\/2\/64.2-1631","metadata":false},{"id":375966,"structure_id":53464,"section_number":"64.2-1632","catch_line":"Estates, trusts, and other beneficial interests","url":"\/64.2-1632\/","token":"64.2\/IV\/B\/16\/2\/64.2-1632","metadata":false},{"id":375967,"structure_id":53464,"section_number":"64.2-1633","catch_line":"Claims and litigation","url":"\/64.2-1633\/","token":"64.2\/IV\/B\/16\/2\/64.2-1633","metadata":false},{"id":375968,"structure_id":53464,"section_number":"64.2-1634","catch_line":"Personal and family maintenance","url":"\/64.2-1634\/","token":"64.2\/IV\/B\/16\/2\/64.2-1634","metadata":false},{"id":375969,"structure_id":53464,"section_number":"64.2-1635","catch_line":"Benefits from governmental programs or civil or military service","url":"\/64.2-1635\/","token":"64.2\/IV\/B\/16\/2\/64.2-1635","metadata":false},{"id":375970,"structure_id":53464,"section_number":"64.2-1636","catch_line":"Retirement plans","url":"\/64.2-1636\/","token":"64.2\/IV\/B\/16\/2\/64.2-1636","metadata":false},{"id":375971,"structure_id":53464,"section_number":"64.2-1637","catch_line":"Taxes","url":"\/64.2-1637\/","token":"64.2\/IV\/B\/16\/2\/64.2-1637","metadata":false},{"id":375972,"structure_id":53464,"section_number":"64.2-1638","catch_line":"Gifts","url":"\/64.2-1638\/","token":"64.2\/IV\/B\/16\/2\/64.2-1638","metadata":false}],"previous_section":{"id":375964,"structure_id":53464,"section_number":"64.2-1630","catch_line":"Operation of entity or business","url":"\/64.2-1630\/","token":"64.2\/IV\/B\/16\/2\/64.2-1630","metadata":false},"next_section":{"id":375966,"structure_id":53464,"section_number":"64.2-1632","catch_line":"Estates, trusts, and other beneficial interests","url":"\/64.2-1632\/","token":"64.2\/IV\/B\/16\/2\/64.2-1632","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-1631\/","history_text":"

This law was first created in 2010. The record of its establishment is cataloged in chapters 455<\/a> and 632<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2012, chapter 614<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1502287,"object_type":"law","relational_id":375965,"identifier":"64.2-1631","token":"64.2\/IV\/B\/16\/2\/64.2-1631","url":"\/64.2-1631\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/64.2-1631\/","token":"64.2\/IV\/B\/16\/2\/64.2-1631","dublin_core":{"Title":"Insurance and annuities","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-1631","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Unless the power of attorney<\/span> otherwise provides, language in a power of attorney<\/span> granting general authority with respect to insurance and annuities authorizes the agent<\/span> to:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Continue, pay the premium or make a contribution on, modify, exchange, rescind, release, or terminate a contract<\/span> procured by or on behalf of the principal<\/span> that insures or provides an annuity to either the principal<\/span> or another person<\/span>, whether or not the principal<\/span> is a beneficiary under the contract<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Procure new, different, and additional contracts<\/span> of insurance and annuities for the principal<\/span> and the principal<\/span>’s spouse, children, and other dependents and select the amount, type of insurance or annuity, and mode of payment; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Pay the premium or make a contribution on, modify, exchange, rescind, release, or terminate a contract<\/span> of insurance or annuity procured by the agent<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Apply for and receive a loan secured by a contract<\/span> of insurance or annuity; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Surrender and receive the cash surrender value<\/span> on a contract<\/span> of insurance or annuity; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Exercise an election; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> Exercise investment powers available under a contract<\/span> of insurance or annuity; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> Change the manner of paying premiums on a contract<\/span> of insurance or annuity; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

9.<\/span> Change or convert the type of insurance or annuity with respect to which the principal<\/span> has or claims to have authority described in this section; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

10.<\/span> Apply for and procure a benefit or assistance under a statute<\/span> or regulation to guarantee or pay premiums of a contract<\/span> of insurance on the life of the principal<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

11.<\/span> Collect, sell, assign, hypothecate, borrow against, or pledge the interest of the principal<\/span> in a contract<\/span> of insurance or annuity; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

12.<\/span> Select the form and timing of the payment of proceeds from a contract<\/span> of insurance or annuity; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

13.<\/span> Pay, from proceeds or otherwise, compromise or contest, and apply for refunds in connection with a tax or assessment levied by a taxing authority with respect to a contract<\/span> of insurance or annuity or its proceeds or liability accruing by reason of the tax or assessment. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nINSURANCE AND ANNUITIES (\u00a7 64.2-1631)\n\nUnless the power of attorney otherwise provides, language in a power of attorney\ngranting general authority with respect to insurance and annuities authorizes\nthe agent to:\n\n1. Continue, pay the premium or make a contribution on, modify, exchange,\nrescind, release, or terminate a contract procured by or on behalf of the\nprincipal that insures or provides an annuity to either the principal or another\nperson, whether or not the principal is a beneficiary under the contract;\n\n2. Procure new, different, and additional contracts of insurance and annuities\nfor the principal and the principal’s spouse, children, and other\ndependents and select the amount, type of insurance or annuity, and mode of\npayment;\n\n3. Pay the premium or make a contribution on, modify, exchange, rescind,\nrelease, or terminate a contract of insurance or annuity procured by the agent;\n\n4. Apply for and receive a loan secured by a contract of insurance or annuity;\n\n5. Surrender and receive the cash surrender value on a contract of insurance or\nannuity;\n\n6. Exercise an election;\n\n7. Exercise investment powers available under a contract of insurance or\nannuity;\n\n8. Change the manner of paying premiums on a contract of insurance or annuity;\n\n9. Change or convert the type of insurance or annuity with respect to which the\nprincipal has or claims to have authority described in this section;\n\n10. Apply for and procure a benefit or assistance under a statute or regulation\nto guarantee or pay premiums of a contract of insurance on the life of the\nprincipal;\n\n11. Collect, sell, assign, hypothecate, borrow against, or pledge the interest\nof the principal in a contract of insurance or annuity;\n\n12. Select the form and timing of the payment of proceeds from a contract of\ninsurance or annuity; and\n\n13. Pay, from proceeds or otherwise, compromise or contest, and apply for\nrefunds in connection with a tax or assessment levied by a taxing authority with\nrespect to a contract of insurance or annuity or its proceeds or liability\naccruing by reason of the tax or assessment.\n\nHISTORY: 2010, cc. 455, 632, \u00a7 26-104; 2012, c. 614.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}