"Variable annuity" means any agreement or contract for an annuity in which the amount or duration of benefits or optional lump sum cash settlement may vary according to the investment experience of any separate account maintained by the insurer for the policy or contract as provided for in § 38.2-3113. Pursuant to the terms of the contract, payments may be made for a stated period of time or for the life of the person or persons specified in the contract.
1986, c. 562; 1993, c. 764.
Structure Code of Virginia
Chapter 1 - General Provisions
§ 38.2-100.1. Certified mail; subsequent mail or notices may be sent by regular mail
§ 38.2-101. Classification of insurance
§ 38.2-105.1. Modified guaranteed life insurance
§ 38.2-106.1. Charitable gift annuities
§ 38.2-107.1. Modified guaranteed annuity
§ 38.2-107.2. Private family leave insurance
§ 38.2-108. Credit accident and sickness
§ 38.2-109. Accident and sickness
§ 38.2-111. Miscellaneous property and casualty
§ 38.2-113. Burglary and theft
§ 38.2-115. Boiler and machinery
§ 38.2-117. Personal injury liability
§ 38.2-118. Property damage liability
§ 38.2-119. Workers' compensation and employers' liability
§ 38.2-122.1. Credit involuntary unemployment insurance
§ 38.2-122.2. Credit property insurance
§ 38.2-127. Legal services insurance
§ 38.2-128. Mortgage guaranty insurance
§ 38.2-129. Home protection insurance
§ 38.2-130. Homeowners insurance
§ 38.2-131. Farmowners insurance
§ 38.2-132. Commercial multi-peril insurance
§ 38.2-133. Contingent and consequential losses
§ 38.2-134. Definitions to include other insurance of same general kind
§ 38.2-135. Classes of insurance companies may be licensed to write