{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-3300.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-3300.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-3300.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-3300.html"}],"law_id":59653,"edition_id":1,"section_id":59653,"structure_id":13165,"section_number":"38.2-3300","catch_line":"Requirements; exceptions","history":"Code 1950, \u00a7\u00a7 38-371, 38-373; 1952, c. 317, \u00a7\u00a7 38.1-390, 38.1-405; 1977, c. 174; 1986, c. 562.","full_text":"A\n\nNo individual life insurance policy shall be delivered or issued for delivery in this Commonwealth unless it contains in substance all of the requirements prescribed in §§ 38.2-3301 through 38.2-3315 of this article.B\n\nAs used in this article, “individual life insurance” means any life insurance other than group life insurance, industrial life insurance, annuities, credit life insurance, and pure endowments, with or without return of premiums or of premiums and interest. However, for the purposes of § 38.2-3308, “policy” includes annuity contracts that provide for policy loans and certificates issued by a fraternal benefit society.C\n\nThe requirements of §§ 38.2-3300 through 38.2-3315 shall not apply to policies of reinsurance or to policies issued or granted in exchange for lapsed or surrendered policies.","order_by":null,"text":{"0":{"id":218471,"text":"No individual life insurance policy shall be delivered or issued for delivery in this Commonwealth unless it contains in substance all of the requirements prescribed in §§ 38.2-3301 through 38.2-3315 of this article.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":218472,"text":"As used in this article, “individual life insurance” means any life insurance other than group life insurance, industrial life insurance, annuities, credit life insurance, and pure endowments, with or without return of premiums or of premiums and interest. However, for the purposes of § 38.2-3308, “policy” includes annuity contracts that provide for policy loans and certificates issued by a fraternal benefit society.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":218473,"text":"The requirements of §§ 38.2-3300 through 38.2-3315 shall not apply to policies of reinsurance or to policies issued or granted in exchange for lapsed or surrendered policies.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":13165,"edition_id":1,"name":"Life Insurance Policies; Annuities","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":13164,"metadata":{},"date_created":"2026-06-26 03:44:22","date_modified":"2026-06-26 03:44:22","permalink":{"id":214629,"object_type":"structure","relational_id":13165,"identifier":"1","token":"38.2\/33\/1","url":"\/38.2\/33\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13164,"edition_id":1,"name":"Life Insurance Policies","identifier":"33","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:44:22","date_modified":"2026-06-26 03:44:22","permalink":{"id":214627,"object_type":"structure","relational_id":13164,"identifier":"33","token":"38.2\/33","url":"\/38.2\/33\/","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":59653,"structure_id":13165,"section_number":"38.2-3300","catch_line":"Requirements; exceptions","url":"\/38.2-3300\/","token":"38.2\/33\/1\/38.2-3300","metadata":false},{"id":64455,"structure_id":13165,"section_number":"38.2-3301","catch_line":"Ten-day right to examine policy","url":"\/38.2-3301\/","token":"38.2\/33\/1\/38.2-3301","metadata":false},{"id":81258,"structure_id":13165,"section_number":"38.2-3301.1","catch_line":"Delivery of individual life insurance policies","url":"\/38.2-3301.1\/","token":"38.2\/33\/1\/38.2-3301.1","metadata":false},{"id":54757,"structure_id":13165,"section_number":"38.2-3302","catch_line":"How premiums payable","url":"\/38.2-3302\/","token":"38.2\/33\/1\/38.2-3302","metadata":false},{"id":86620,"structure_id":13165,"section_number":"38.2-3303","catch_line":"Grace period","url":"\/38.2-3303\/","token":"38.2\/33\/1\/38.2-3303","metadata":false},{"id":61710,"structure_id":13165,"section_number":"38.2-3304","catch_line":"Policy constitutes entire contract; statements deemed representations","url":"\/38.2-3304\/","token":"38.2\/33\/1\/38.2-3304","metadata":false},{"id":87271,"structure_id":13165,"section_number":"38.2-3305","catch_line":"Incontestability","url":"\/38.2-3305\/","token":"38.2\/33\/1\/38.2-3305","metadata":false},{"id":84405,"structure_id":13165,"section_number":"38.2-3306","catch_line":"Misstatement of age","url":"\/38.2-3306\/","token":"38.2\/33\/1\/38.2-3306","metadata":false},{"id":80762,"structure_id":13165,"section_number":"38.2-3307","catch_line":"Participation in surplus","url":"\/38.2-3307\/","token":"38.2\/33\/1\/38.2-3307","metadata":false},{"id":59870,"structure_id":13165,"section_number":"38.2-3308","catch_line":"Policy loans","url":"\/38.2-3308\/","token":"38.2\/33\/1\/38.2-3308","metadata":false},{"id":80287,"structure_id":13165,"section_number":"38.2-3309","catch_line":"Nonforfeiture benefits and cash surrender values","url":"\/38.2-3309\/","token":"38.2\/33\/1\/38.2-3309","metadata":false},{"id":54184,"structure_id":13165,"section_number":"38.2-3310","catch_line":"Table of values and options","url":"\/38.2-3310\/","token":"38.2\/33\/1\/38.2-3310","metadata":false},{"id":77049,"structure_id":13165,"section_number":"38.2-3311","catch_line":"Reinstatement","url":"\/38.2-3311\/","token":"38.2\/33\/1\/38.2-3311","metadata":false},{"id":78506,"structure_id":13165,"section_number":"38.2-3312","catch_line":"Settlement","url":"\/38.2-3312\/","token":"38.2\/33\/1\/38.2-3312","metadata":false},{"id":68892,"structure_id":13165,"section_number":"38.2-3313","catch_line":"Table of installments","url":"\/38.2-3313\/","token":"38.2\/33\/1\/38.2-3313","metadata":false},{"id":85372,"structure_id":13165,"section_number":"38.2-3314","catch_line":"Title","url":"\/38.2-3314\/","token":"38.2\/33\/1\/38.2-3314","metadata":false},{"id":59133,"structure_id":13165,"section_number":"38.2-3315","catch_line":"Variations for certain forms of policies; providing more favorable terms","url":"\/38.2-3315\/","token":"38.2\/33\/1\/38.2-3315","metadata":false},{"id":86454,"structure_id":13165,"section_number":"38.2-3316","catch_line":"Provisions prohibited","url":"\/38.2-3316\/","token":"38.2\/33\/1\/38.2-3316","metadata":false},{"id":66309,"structure_id":13165,"section_number":"38.2-3317","catch_line":"Provisions required by other jurisdictions","url":"\/38.2-3317\/","token":"38.2\/33\/1\/38.2-3317","metadata":false}],"next_section":{"id":64455,"structure_id":13165,"section_number":"38.2-3301","catch_line":"Ten-day right to examine policy","url":"\/38.2-3301\/","token":"38.2\/33\/1\/38.2-3301","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3300\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 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 1952, chapter 317; in 1977, chapter 174; in 1986, chapter 562.<\/p>","references":[{"id":59653,"section_number":"38.2-3300","catch_line":"Requirements; exceptions","order_by":null,"url":"\/38.2-3300\/"},{"id":59133,"section_number":"38.2-3315","catch_line":"Variations for certain forms of policies; providing more favorable terms","order_by":null,"url":"\/38.2-3315\/"},{"id":65309,"section_number":"38.2-4123","catch_line":"Exemptions","order_by":null,"url":"\/38.2-4123\/"}],"refers_to":[{"id":59653,"section_number":"38.2-3300","catch_line":"Requirements; exceptions","order_by":null,"url":"\/38.2-3300\/"},{"id":64455,"section_number":"38.2-3301","catch_line":"Ten-day right to examine policy","order_by":null,"url":"\/38.2-3301\/"},{"id":59870,"section_number":"38.2-3308","catch_line":"Policy loans","order_by":null,"url":"\/38.2-3308\/"},{"id":59133,"section_number":"38.2-3315","catch_line":"Variations for certain forms of policies; providing more favorable terms","order_by":null,"url":"\/38.2-3315\/"}],"permalink":{"id":214631,"object_type":"law","relational_id":59653,"identifier":"38.2-3300","token":"38.2\/33\/1\/38.2-3300","url":"\/38.2-3300\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-3300\/","token":"38.2\/33\/1\/38.2-3300","dublin_core":{"Title":"Requirements; exceptions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3300","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> No individual life insurance<\/span> policy<\/span> shall be delivered or issued for delivery in this Commonwealth unless it contains in substance all of the requirements prescribed in §§ 38.2-3301<\/a> through 38.2-3315<\/a> of this article. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> As used in this article, “individual life insurance<\/span>” means any life insurance other than group life insurance, industrial life insurance, annuities, credit life insurance, and pure endowments, with or without return of premiums or of premiums and interest. However, for the purposes of § 38.2-3308<\/a>, “policy<\/span>” includes annuity contracts<\/span> that provide for policy<\/span> loans and certificates issued by a fraternal benefit society. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The requirements of §§ 38.2-3300<\/a> through 38.2-3315<\/a> shall not apply to policies of reinsurance or to policies issued or granted in exchange for lapsed or surrendered policies. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREQUIREMENTS; EXCEPTIONS (\u00a7 38.2-3300)\n\nA. No individual life insurance policy shall be delivered or issued for delivery\nin this Commonwealth unless it contains in substance all of the requirements\nprescribed in §§ 38.2-3301 through 38.2-3315 of this article.\n\nB. As used in this article, “individual life insurance” means any\nlife insurance other than group life insurance, industrial life insurance,\nannuities, credit life insurance, and pure endowments, with or without return of\npremiums or of premiums and interest. However, for the purposes of §\n38.2-3308, “policy” includes annuity contracts that provide for\npolicy loans and certificates issued by a fraternal benefit society.\n\nC. The requirements of §§ 38.2-3300 through 38.2-3315 shall not apply\nto policies of reinsurance or to policies issued or granted in exchange for\nlapsed or surrendered policies.\n\nHISTORY: Code 1950, \u00a7\u00a7 38-371, 38-373; 1952, c. 317, \u00a7\u00a7 38.1-390, 38.1-405;\n1977, c. 174; 1986, c. 562.","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}}