State Codes and Statutes
Statutes > Virginia > Title-38-2 > Chapter-33 > 38-2-3309§ 38.2-3309. Nonforfeiture benefits and cash surrender values.
A. Each individual life insurance policy shall contain a provision fornonforfeiture benefits. The provision shall specify the options to which thepolicyowner is entitled, in accordance with the requirements of § 38.2-3202.
B. Each individual life insurance policy shall have a provision for cashsurrender 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.)
