§ 38.2-3304. Policy constitutes entire contract; statements deemed representations
A. Each individual life insurance policy shall contain a provision that the policy, or the policy and the application for the policy if a copy of the application is endorsed upon or attached to the policy when issued or delivered, shall constitute the entire contract between the parties.
B. The provision shall also state that:
1. All statements made by the insured shall, in the absence of fraud, be deemed representations and not warranties; and
2. No statement shall be used in defense of a claim under the policy unless it is contained in a written application that is endorsed upon or attached to the policy when issued or delivered.
C. As used in this section, "policy" shall include any riders, endorsements or amendments.
(Code 1950, § 38-371(3); 1950, p. 179; 1952, c. 317, § 38.1-393; 1986, c. 562; 1990, c. 223.)
Sections: Previous 38.2-3300 38.2-3301 38.2-3302 38.2-3303 38.2-3304 38.2-3305 38.2-3306 38.2-3307 38.2-3308 38.2-3309 38.2-3310 38.2-3311 38.2-3312 38.2-3313 38.2-3314 NextLast modified: April 3, 2009