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