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