After March 17, 1948, any insurer may file with the Commission a written notice of its election to comply with the provisions of §§ 38.2-3202 through 38.2-3213 after a specified date before April 1, 1948. After the filing of the notice upon the specified date, which shall be the operative date for that insurer, the sections shall become operative with respect to the policies thereafter issued by that insurer. If an insurer makes no election, the operative date for the insurer shall be April 1, 1948. The Commission, for good cause shown by any insurer, may extend the operative date for that insurer to not later than January 1, 1949.
Code 1950, § 38-383; 1952, c. 317, § 38.1-468; 1986, c. 562.
Structure Code of Virginia
Chapter 32 - Standard Nonforfeiture Provisions for Life Insurance
§ 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
§ 38.2-3220. Nonforfeiture requirements
§ 38.2-3222. Computation of present value
§ 38.2-3223. Calculation of cash surrender values
§ 38.2-3224. Calculation of paid-up annuity benefits
§ 38.2-3226. Disclosure of limited death benefits
§ 38.2-3227. Inclusion of lapse of time considerations