Any company may provide for (i) stipulated premiums, (ii) death, annuity, endowment and disability benefits, and (iii) cash surrender and loan values to an amount not exceeding the reserve, or its equivalent, in paid-up or extended term insurance, based upon the mortality standards set forth in this chapter.
Code 1950, § 38-483; 1952, c. 317, § 38.1-515; 1986, c. 562.
Structure Code of Virginia
Chapter 38 - Cooperative Nonprofit Life Benefit Companies
§ 38.2-3801. Cooperative nonprofit life benefit company defined
§ 38.2-3802. Continuation of existing companies
§ 38.2-3803. Licensing of additional companies prohibited
§ 38.2-3804. What laws applicable
§ 38.2-3805. General powers of company; limitation on increase in rates
§ 38.2-3806. Constitution and bylaws
§ 38.2-3807. Governing body; board of directors
§ 38.2-3808. Filing copies of constitution and bylaws
§ 38.2-3809. How a company may become legal reserve life insurer
§ 38.2-3810. Institutions maintainable; company a charitable institution
§ 38.2-3811. Benefits not subject to process
§ 38.2-3812. Tax on gross premium receipts
§ 38.2-3813. Suits against company
§ 38.2-3814. Contracts in writing; fees
§ 38.2-3815. What benefits policies may provide
§ 38.2-3817. Paid-up insurance or extended term insurance
§ 38.2-3818. Officers and members not individually liable for payment