§ 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.
(Code 1950, § 38-371(7), (8); 1950, p. 180; 1952, c. 317, § 38.1-398; 1986, c. 562.)
Sections: Previous 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 38.2-3315 38.2-3316 NextLast modified: April 16, 2009