Any company may maintain homes for aged members, or children’s homes, hospitals or recreational centers, or any other charitable institution, and may provide for the erection of monuments or memorials to deceased members. Such a company is hereby classified as a charitable institution.

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Virginia Code 38.2-3810

  • company: means a cooperative nonprofit life benefit company as defined in subsection A of this section. See Virginia Code 38.2-3801

Code 1950, § 38-482; 1952, c. 317, § 38.1-508; 1986, c. 562.