{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-3348.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-3348.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-3348.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-3348.html"}],"law_id":71652,"edition_id":1,"section_id":71652,"structure_id":15143,"section_number":"38.2-3348","catch_line":"Reinstatement","history":"Code 1950, \u00a7 38-434(7); 1952, c. 317, \u00a7 38.1-416; 1986, c. 562.","full_text":"Each industrial life insurance policy shall contain a provision that the policy, if not surrendered for its cash value or if the period of extended term insurance has not expired, may be reinstated within one year from the date of default in payment of premiums upon:\n\n1\n\nPayment of all overdue premiums and, at the insurer&#8217;s option, interest on the overdue premiums at an annual rate not exceeding six percent; and2\n\nPresentation of evidence satisfactory to the insurer of the insurability of the insured.","order_by":null,"text":{"0":{"id":258191,"text":"Each industrial life insurance policy shall contain a provision that the policy, if not surrendered for its cash value or if the period of extended term insurance has not expired, may be reinstated within one year from the date of default in payment of premiums upon:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":258192,"text":"Payment of all overdue premiums and, at the insurer&#8217;s option, interest on the overdue premiums at an annual rate not exceeding six percent; and","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":258193,"text":"Presentation of evidence satisfactory to the insurer of the insurability of the insured.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1"}},"ancestry":[{"id":15143,"edition_id":1,"name":"Industrial Life Insurance Policies","identifier":"3","label":"article","depth":3,"order_by":1,"parent_id":13164,"metadata":{},"date_created":"2026-06-26 03:52:30","date_modified":"2026-06-26 03:52:30","permalink":{"id":214825,"object_type":"structure","relational_id":15143,"identifier":"3","token":"38.2\/33\/3","url":"\/38.2\/33\/3\/","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":81893,"structure_id":15143,"section_number":"38.2-3340","catch_line":"Definition of industrial life insurance","url":"\/38.2-3340\/","token":"38.2\/33\/3\/38.2-3340","metadata":false},{"id":77512,"structure_id":15143,"section_number":"38.2-3341","catch_line":"Standard provisions required","url":"\/38.2-3341\/","token":"38.2\/33\/3\/38.2-3341","metadata":false},{"id":65601,"structure_id":15143,"section_number":"38.2-3342","catch_line":"Ten-day right to examine policy","url":"\/38.2-3342\/","token":"38.2\/33\/3\/38.2-3342","metadata":false},{"id":81386,"structure_id":15143,"section_number":"38.2-3343","catch_line":"Grace period","url":"\/38.2-3343\/","token":"38.2\/33\/3\/38.2-3343","metadata":false},{"id":78410,"structure_id":15143,"section_number":"38.2-3344","catch_line":"Policy and application to constitute entire contract; statements deemed representations","url":"\/38.2-3344\/","token":"38.2\/33\/3\/38.2-3344","metadata":false},{"id":71274,"structure_id":15143,"section_number":"38.2-3345","catch_line":"Incontestability","url":"\/38.2-3345\/","token":"38.2\/33\/3\/38.2-3345","metadata":false},{"id":85567,"structure_id":15143,"section_number":"38.2-3346","catch_line":"Misstatement of age","url":"\/38.2-3346\/","token":"38.2\/33\/3\/38.2-3346","metadata":false},{"id":71365,"structure_id":15143,"section_number":"38.2-3347","catch_line":"Nonforfeiture benefits and cash surrender values","url":"\/38.2-3347\/","token":"38.2\/33\/3\/38.2-3347","metadata":false},{"id":71652,"structure_id":15143,"section_number":"38.2-3348","catch_line":"Reinstatement","url":"\/38.2-3348\/","token":"38.2\/33\/3\/38.2-3348","metadata":false},{"id":86616,"structure_id":15143,"section_number":"38.2-3349","catch_line":"Table of nonforfeiture options","url":"\/38.2-3349\/","token":"38.2\/33\/3\/38.2-3349","metadata":false},{"id":71343,"structure_id":15143,"section_number":"38.2-3350","catch_line":"Settlement","url":"\/38.2-3350\/","token":"38.2\/33\/3\/38.2-3350","metadata":false},{"id":79343,"structure_id":15143,"section_number":"38.2-3351","catch_line":"Title","url":"\/38.2-3351\/","token":"38.2\/33\/3\/38.2-3351","metadata":false},{"id":64143,"structure_id":15143,"section_number":"38.2-3352","catch_line":"Provisions not required in certain policies","url":"\/38.2-3352\/","token":"38.2\/33\/3\/38.2-3352","metadata":false},{"id":57691,"structure_id":15143,"section_number":"38.2-3353","catch_line":"Provisions required by other jurisdictions","url":"\/38.2-3353\/","token":"38.2\/33\/3\/38.2-3353","metadata":false},{"id":66416,"structure_id":15143,"section_number":"38.2-3354","catch_line":"Prohibited provisions","url":"\/38.2-3354\/","token":"38.2\/33\/3\/38.2-3354","metadata":false}],"previous_section":{"id":71365,"structure_id":15143,"section_number":"38.2-3347","catch_line":"Nonforfeiture benefits and cash surrender values","url":"\/38.2-3347\/","token":"38.2\/33\/3\/38.2-3347","metadata":false},"next_section":{"id":86616,"structure_id":15143,"section_number":"38.2-3349","catch_line":"Table of nonforfeiture options","url":"\/38.2-3349\/","token":"38.2\/33\/3\/38.2-3349","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3348\/","history_text":"<p>The record of this law\u2019s original creation isn\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 1952, chapter 317; in 1986, chapter 562.<\/p>","references":false,"refers_to":false,"permalink":{"id":214859,"object_type":"law","relational_id":71652,"identifier":"38.2-3348","token":"38.2\/33\/3\/38.2-3348","url":"\/38.2-3348\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-3348\/","token":"38.2\/33\/3\/38.2-3348","dublin_core":{"Title":"Reinstatement","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3348","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Each industrial life <span class=\"dictionary\">insurance<\/span> policy shall contain a provision that the policy, if not surrendered for its cash value or if the period of extended term <span class=\"dictionary\">insurance<\/span> has not expired, may be reinstated within one year from the date of <span class=\"dictionary\">default<\/span> in payment of premiums upon:<\/p><\/section>\n\t\t\t\t\t\t<section id=\"1\"><p><span class=\"prefix-number\">1.<\/span> Payment of all overdue premiums and, at the <span class=\"dictionary\">insurer<\/span>&#8217;s option, interest on the overdue premiums at an annual <span class=\"dictionary\">rate<\/span> not exceeding six percent; and <a id=\"paragraph-258192\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/38.2-3348\/#1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"2\"><p><span class=\"prefix-number\">2.<\/span> Presentation of <span class=\"dictionary\">evidence<\/span> satisfactory to the <span class=\"dictionary\">insurer<\/span> of the insurability of the insured. <a id=\"paragraph-258193\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/38.2-3348\/#2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nREINSTATEMENT (\u00a7 38.2-3348)\n\nEach industrial life insurance policy shall contain a provision that the policy,\nif not surrendered for its cash value or if the period of extended term\ninsurance has not expired, may be reinstated within one year from the date of\ndefault in payment of premiums upon:\n\n1. Payment of all overdue premiums and, at the insurer&#8217;s option, interest\non the overdue premiums at an annual rate not exceeding six percent; and\n\n2. Presentation of evidence satisfactory to the insurer of the insurability of\nthe insured.\n\nHISTORY: Code 1950, \u00a7 38-434(7); 1952, c. 317, \u00a7 38.1-416; 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}}