§ 38.2-105.1. Modified guaranteed life insurance
"Modified guaranteed life insurance" means any policy or contract of life insurance in which the benefits are guaranteed if held for specified periods and nonforfeiture values are based upon a market-value adjustment formula if held for shorter periods. The formula may or may not reflect the investment experience of any separate account which may be maintained by the insurer for the policy or contract as provided for in § 38.2-3113.1.
(1992, c. 210.)
Sections: Previous 38.2-100 38.2-101 38.2-102 38.2-103 38.2-104 38.2-105 38.2-105.1 38.2-106 38.2-106.1 38.2-107 38.2-107.1 38.2-108 38.2-109 38.2-110 38.2-111 NextLast modified: April 16, 2009