Va. Code § 38.2-3309

Current with changes from the 2024 legislative session through ch. 845

Section 38.2-3309 - Nonforfeiture benefits and cash surrender values

A. Each individual life insurance policy shall contain a provision for nonforfeiture benefits. The provision shall specify the options to which the policyowner is entitled, in accordance with the requirements of § 38.2-3202.

B. Each individual life insurance policy shall have a provision for cash surrender values in accordance with the requirements of § 38.2-3203.

Va. Code § 38.2-3309

Code 1950, § 38-371(7), (8); 1950, p. 180; 1952, c. 317, § 38.1-398; 1986, c. 562.

Amended by Acts 1986, § c. 562.

Amended by Acts 1952, § c. 317, § 38.1-398.

Amended by Acts 1950, § p. 180.