{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-3229.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-3229.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-3229.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-3229.html"}],"law_id":66707,"edition_id":1,"section_id":66707,"structure_id":14541,"section_number":"38.2-3229","catch_line":"Effective date","history":"1979, c. 437, \u00a7 38.1-470.1; 1986, c. 562; 2004, c. 313.","full_text":"After July 1, 1979, for contracts subject to subsection B, C, or D of \u00a7 38.2-3221, the operative date for application of \u00a7 38.2-3219 shall be the earlier of July 1, 1981, or the date on which the insurer filed with the Commission a written notice of its election to comply with the provisions of \u00a7\u00a7 38.2-3219 through 38.2-3229 after a specified date before July 1, 1981. For contracts subject to subsection F of \u00a7 38.2-3221, the operative date shall be July 1, 2005, unless the insurer specifies an earlier date by filing with the Commission written notice of its election to apply subdivisions F 1 through F 4 of \u00a7 38.2-3221 on a contract-form-by-contract-form basis after a specified date, which shall be on or after July 1, 2004, and before July 1, 2005.","order_by":null,"text":{"0":{"id":241926,"text":"After July 1, 1979, for contracts subject to subsection B, C, or D of \u00a7 38.2-3221, the operative date for application of \u00a7 38.2-3219 shall be the earlier of July 1, 1981, or the date on which the insurer filed with the Commission a written notice of its election to comply with the provisions of \u00a7\u00a7 38.2-3219 through 38.2-3229 after a specified date before July 1, 1981. For contracts subject to subsection F of \u00a7 38.2-3221, the operative date shall be July 1, 2005, unless the insurer specifies an earlier date by filing with the Commission written notice of its election to apply subdivisions F 1 through F 4 of \u00a7 38.2-3221 on a contract-form-by-contract-form basis after a specified date, which shall be on or after July 1, 2004, and before July 1, 2005.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14541,"edition_id":1,"name":"Standard Nonforfeiture Provisions for Life Insurance","identifier":"32","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:48:35","date_modified":"2026-06-26 03:48:35","permalink":{"id":214505,"object_type":"structure","relational_id":14541,"identifier":"32","token":"38.2\/32","url":"\/38.2\/32\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":78309,"structure_id":14541,"section_number":"38.2-3200","catch_line":"Nonforfeiture benefits and cash surrender values in life policies issued prior to operative date stated in \u00a7 38.2-3214","url":"\/38.2-3200\/","token":"38.2\/32\/38.2-3200","metadata":false},{"id":71133,"structure_id":14541,"section_number":"38.2-3201","catch_line":"Same; for industrial life policies","url":"\/38.2-3201\/","token":"38.2\/32\/38.2-3201","metadata":false},{"id":57831,"structure_id":14541,"section_number":"38.2-3202","catch_line":"Standard nonforfeiture law; required policy provisions","url":"\/38.2-3202\/","token":"38.2\/32\/38.2-3202","metadata":false},{"id":77891,"structure_id":14541,"section_number":"38.2-3203","catch_line":"Same; cash surrender value in case of default","url":"\/38.2-3203\/","token":"38.2\/32\/38.2-3203","metadata":false},{"id":79190,"structure_id":14541,"section_number":"38.2-3204","catch_line":"Same; present value of paid-up nonforfeiture benefits on default","url":"\/38.2-3204\/","token":"38.2\/32\/38.2-3204","metadata":false},{"id":61365,"structure_id":14541,"section_number":"38.2-3205","catch_line":"Same; calculation of adjusted premiums","url":"\/38.2-3205\/","token":"38.2\/32\/38.2-3205","metadata":false},{"id":75902,"structure_id":14541,"section_number":"38.2-3206","catch_line":"Same; tables used for calculations","url":"\/38.2-3206\/","token":"38.2\/32\/38.2-3206","metadata":false},{"id":59688,"structure_id":14541,"section_number":"38.2-3207","catch_line":"Same; use of new mortality table; ordinary policies","url":"\/38.2-3207\/","token":"38.2\/32\/38.2-3207","metadata":false},{"id":85809,"structure_id":14541,"section_number":"38.2-3208","catch_line":"Same; industrial policies","url":"\/38.2-3208\/","token":"38.2\/32\/38.2-3208","metadata":false},{"id":77084,"structure_id":14541,"section_number":"38.2-3209","catch_line":"Same; adjusted premiums for policies","url":"\/38.2-3209\/","token":"38.2\/32\/38.2-3209","metadata":false},{"id":80831,"structure_id":14541,"section_number":"38.2-3210","catch_line":"Same; life insurance providing future premium determination","url":"\/38.2-3210\/","token":"38.2\/32\/38.2-3210","metadata":false},{"id":60003,"structure_id":14541,"section_number":"38.2-3211","catch_line":"Same; other factors in calculations","url":"\/38.2-3211\/","token":"38.2\/32\/38.2-3211","metadata":false},{"id":70462,"structure_id":14541,"section_number":"38.2-3212","catch_line":"Same; policies issued on or after January 1, 1986","url":"\/38.2-3212\/","token":"38.2\/32\/38.2-3212","metadata":false},{"id":85497,"structure_id":14541,"section_number":"38.2-3213","catch_line":"Same; exemptions from application of certain sections","url":"\/38.2-3213\/","token":"38.2\/32\/38.2-3213","metadata":false},{"id":60385,"structure_id":14541,"section_number":"38.2-3214","catch_line":"Same; operative date","url":"\/38.2-3214\/","token":"38.2\/32\/38.2-3214","metadata":false},{"id":59064,"structure_id":14541,"section_number":"38.2-3215","catch_line":"Same; operative date for \u00a7 38.2-3207","url":"\/38.2-3215\/","token":"38.2\/32\/38.2-3215","metadata":false},{"id":68021,"structure_id":14541,"section_number":"38.2-3216","catch_line":"Same; operative date for \u00a7 38.2-3208","url":"\/38.2-3216\/","token":"38.2\/32\/38.2-3216","metadata":false},{"id":84594,"structure_id":14541,"section_number":"38.2-3217","catch_line":"Loan provisions in policies issued prior to operative date stated in \u00a7 38.2-3214","url":"\/38.2-3217\/","token":"38.2\/32\/38.2-3217","metadata":false},{"id":55994,"structure_id":14541,"section_number":"38.2-3218","catch_line":"Same; in policies subsequently issued","url":"\/38.2-3218\/","token":"38.2\/32\/38.2-3218","metadata":false},{"id":85068,"structure_id":14541,"section_number":"38.2-3219","catch_line":"Applicability","url":"\/38.2-3219\/","token":"38.2\/32\/38.2-3219","metadata":false},{"id":73664,"structure_id":14541,"section_number":"38.2-3220","catch_line":"Nonforfeiture requirements","url":"\/38.2-3220\/","token":"38.2\/32\/38.2-3220","metadata":false},{"id":64780,"structure_id":14541,"section_number":"38.2-3221","catch_line":"Minimum values","url":"\/38.2-3221\/","token":"38.2\/32\/38.2-3221","metadata":false},{"id":74981,"structure_id":14541,"section_number":"38.2-3222","catch_line":"Computation of present value","url":"\/38.2-3222\/","token":"38.2\/32\/38.2-3222","metadata":false},{"id":85744,"structure_id":14541,"section_number":"38.2-3223","catch_line":"Calculation of cash surrender values","url":"\/38.2-3223\/","token":"38.2\/32\/38.2-3223","metadata":false},{"id":84416,"structure_id":14541,"section_number":"38.2-3224","catch_line":"Calculation of paid-up annuity benefits","url":"\/38.2-3224\/","token":"38.2\/32\/38.2-3224","metadata":false},{"id":75346,"structure_id":14541,"section_number":"38.2-3225","catch_line":"Maturity date","url":"\/38.2-3225\/","token":"38.2\/32\/38.2-3225","metadata":false},{"id":78619,"structure_id":14541,"section_number":"38.2-3226","catch_line":"Disclosure of limited death benefits","url":"\/38.2-3226\/","token":"38.2\/32\/38.2-3226","metadata":false},{"id":80588,"structure_id":14541,"section_number":"38.2-3227","catch_line":"Inclusion of lapse of time considerations","url":"\/38.2-3227\/","token":"38.2\/32\/38.2-3227","metadata":false},{"id":64270,"structure_id":14541,"section_number":"38.2-3228","catch_line":"Proration of values; additional benefits","url":"\/38.2-3228\/","token":"38.2\/32\/38.2-3228","metadata":false},{"id":66707,"structure_id":14541,"section_number":"38.2-3229","catch_line":"Effective date","url":"\/38.2-3229\/","token":"38.2\/32\/38.2-3229","metadata":false}],"previous_section":{"id":64270,"structure_id":14541,"section_number":"38.2-3228","catch_line":"Proration of values; additional benefits","url":"\/38.2-3228\/","token":"38.2\/32\/38.2-3228","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3229\/","history_text":"<p>This law was first created in 1979. The record of its establishment is cataloged in chapter 437 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1979 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1986, chapter 562; in 2004, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?041+ful+CHAP0313\">313<\/a>.<\/p>","references":[{"id":85068,"section_number":"38.2-3219","catch_line":"Applicability","order_by":null,"url":"\/38.2-3219\/"},{"id":73664,"section_number":"38.2-3220","catch_line":"Nonforfeiture requirements","order_by":null,"url":"\/38.2-3220\/"},{"id":66707,"section_number":"38.2-3229","catch_line":"Effective date","order_by":null,"url":"\/38.2-3229\/"}],"refers_to":[{"id":85068,"section_number":"38.2-3219","catch_line":"Applicability","order_by":null,"url":"\/38.2-3219\/"},{"id":64780,"section_number":"38.2-3221","catch_line":"Minimum values","order_by":null,"url":"\/38.2-3221\/"},{"id":66707,"section_number":"38.2-3229","catch_line":"Effective date","order_by":null,"url":"\/38.2-3229\/"}],"permalink":{"id":214623,"object_type":"law","relational_id":66707,"identifier":"38.2-3229","token":"38.2\/32\/38.2-3229","url":"\/38.2-3229\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-3229\/","token":"38.2\/32\/38.2-3229","dublin_core":{"Title":"Effective date","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3229","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>After July 1, 1979, for <span class=\"dictionary\">contracts<\/span> subject to subsection B, C, or D of \u00a7&nbsp;<a class=\"law\" title=\"Minimum values\" href=\"\/38.2-3221\/\">38.2-3221<\/a>, the operative date for application of \u00a7&nbsp;<a class=\"law\" title=\"Applicability\" href=\"\/38.2-3219\/\">38.2-3219<\/a> shall be the earlier of July 1, 1981, or the date on which the <span class=\"dictionary\">insurer<\/span> filed with the <span class=\"dictionary\">Commission<\/span> a written notice of its election to comply with the provisions of \u00a7\u00a7&nbsp;<a class=\"law\" title=\"Applicability\" href=\"\/38.2-3219\/\">38.2-3219<\/a> through <a class=\"law\" title=\"Effective date\" href=\"\/38.2-3229\/\">38.2-3229<\/a> after a specified date before July 1, 1981. For <span class=\"dictionary\">contracts<\/span> subject to subsection F of \u00a7&nbsp;<a class=\"law\" title=\"Minimum values\" href=\"\/38.2-3221\/\">38.2-3221<\/a>, the operative date shall be July 1, 2005, unless the <span class=\"dictionary\">insurer<\/span> specifies an earlier date by filing with the <span class=\"dictionary\">Commission<\/span> written notice of its election to apply subdivisions F 1 through F 4 of \u00a7&nbsp;<a class=\"law\" title=\"Minimum values\" href=\"\/38.2-3221\/\">38.2-3221<\/a> on a <span class=\"dictionary\">contract<\/span>-form-by-<span class=\"dictionary\">contract<\/span>-form basis after a specified date, which shall be on or after July 1, 2004, and before July 1, 2005.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nEFFECTIVE DATE (\u00a7 38.2-3229)\n\nAfter July 1, 1979, for contracts subject to subsection B, C, or D of \u00a7\n38.2-3221, the operative date for application of \u00a7 38.2-3219 shall be the\nearlier of July 1, 1981, or the date on which the insurer filed with the\nCommission a written notice of its election to comply with the provisions of\n\u00a7\u00a7 38.2-3219 through 38.2-3229 after a specified date before July 1, 1981. For\ncontracts subject to subsection F of \u00a7 38.2-3221, the operative date shall be\nJuly 1, 2005, unless the insurer specifies an earlier date by filing with the\nCommission written notice of its election to apply subdivisions F 1 through F 4\nof \u00a7 38.2-3221 on a contract-form-by-contract-form basis after a specified\ndate, which shall be on or after July 1, 2004, and before July 1, 2005.\n\nHISTORY: 1979, c. 437, \u00a7 38.1-470.1; 1986, c. 562; 2004, c. 313.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}