Any contract that does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount before the beginning of any annuity payments shall include a statement in a prominent place in the contract that those benefits are not provided.
1979, c. 437, § 38.1-470.1; 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