§ 38.2-3227. Inclusion of lapse of time considerations
Any paid-up annuity, cash surrender or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, shall be calculated with allowance for a lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.
(1979, c. 437, § 38.1-470.1; 1986, c. 562.)
Sections: Previous 38.2-3215 38.2-3216 38.2-3217 38.2-3218 38.2-3219 38.2-3220 38.2-3221 38.2-3222 38.2-3223 38.2-3224 38.2-3225 38.2-3226 38.2-3227 38.2-3228 38.2-3229 NextLast modified: April 3, 2009