After July 1, 1959, any insurer may file with the Commission a written notice of its election to comply with the provisions of § 38.2-3207 after a specified date before January 1, 1966. After the filing of the notice, then upon the specified date, which shall be the operative date of this section for the insurer, § 38.2-3207 shall become operative with respect to the ordinary policies thereafter issued by that insurer. If an insurer makes no such election, the operative date of § 38.2-3207 for the insurer shall be January 1, 1966.
1959, Ex. Sess., c. 43, § 38.1-468.1; 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