Standard Nonforfeiture Provisions for Life Insurance

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This is Chapter 32 of the Code of Virginia, titled “Standard Nonforfeiture Provisions for Life Insurance.” It is part of Title 38.2 “Insurance”.

It’s comprised of the following 30 sections.

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