Section 280. When prize payable for "life"

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If a prize is advertised as payable for the life of the winner, unless there is a cash option available selected by the winner or winners at the time a claim is made, the prize will be payable in installments, in accordance with the rules for the specific game, for the lifetime of the winner . When the prize is won by two or more persons on a single ticket, each winner's share of the prize shall expire upon his death, unless otherwise specified in the game rules.

Historical Notes

Derived from Volume 19, Issue 15, eff. May 7, 2003; amended, Virginia Register Volume 28, Issue 26, eff. September 26, 2012.

Statutory Authority

§ 58.1-4007 of the Code of Virginia.

                    
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