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Code of Virginia

Chapter 32

Va. Code Ann. tit. 38.2, ch. 32

Standard Nonforfeiture Provisions for Life Insurance

38.2-3200Nonforfeiture benefits and cash surrender values in life policies issued prior to operative date stated in § 38.2-3214 38.2-3201Same; for industrial life policies 38.2-3202Standard nonforfeiture law; required policy provisions 38.2-3203Same; cash surrender value in case of default 38.2-3204Same; present value of paid-up nonforfeiture benefits on default 38.2-3205Same; calculation of adjusted premiums 38.2-3206Same; tables used for calculations 38.2-3207Same; use of new mortality table; ordinary policies 38.2-3208Same; industrial policies 38.2-3209Same; adjusted premiums for policies 38.2-3210Same; life insurance providing future premium determination 38.2-3211Same; other factors in calculations 38.2-3212Same; policies issued on or after January 1, 1986 38.2-3213Same; exemptions from application of certain sections 38.2-3214Same; operative date 38.2-3215Same; operative date for § 38.2-3207 38.2-3216Same; operative date for § 38.2-3208 38.2-3217Loan provisions in policies issued prior to operative date stated in § 38.2-3214 38.2-3218Same; in policies subsequently issued 38.2-3219Applicability 38.2-3220Nonforfeiture requirements 38.2-3221Minimum values 38.2-3222Computation of present value 38.2-3223Calculation of cash surrender values 38.2-3224Calculation of paid-up annuity benefits 38.2-3225Maturity date 38.2-3226Disclosure of limited death benefits 38.2-3227Inclusion of lapse of time considerations 38.2-3228Proration of values; additional benefits 38.2-3229Effective date