Chap. 261.—An ACT to validate and authroize contracts upon the life of
infants, under certain conditions, and, subject to certain provisos, to give
a valid discharge of the contract or for ‘any benefits available or money
payable under the same and to create liens thereon. (S B 33]

Approved March 15, 1922.

1. Be it enacted by the general assembly of Virginia, That in
respect of insurance heretofore or hereafter effected, by any person
not of the full age of twenty-one years but of the age of at least
sixteen years, upon the life of such person, for the benefit of such
person or for the benefit of any one or more of the ascending or
descending kindred, spouse, brothers or sisters of such person, the
insured shall not, by reason of infancy, be deemed incompetent to
contract for such insurance, nor shall be permitted to recover any
premiums paid thereon. Provided that if such infant shall reside
with one or both parents, one of said parents shall have approved
in writing the original application for such insurance; and further
provided, however, that no promisory note or other evidence of debt,
heretofore or hereafter given by such infant, in payment of any
first year premium thereon shall be validated by this act; nor shall
the insured, by reason of infancy, be deemed incompetent, to give a
valid discharge of the contract or for any benefits available or money
payable under the same, nor to create liens thereon in favor of the
company issuing the same om account of money borrowed or prem-
iums, with interest thereon; provided, however, that such beneficiary
or beneficiaries as are named in the contract and are at the time of said
discharge or of the creation of said lien of the age of at least sixteen
years shall unite in said discharge or in the instrument creating
said lien.