{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/51.1-512.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/51.1-512.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/51.1-512.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/51.1-512.html"}],"law_id":78798,"edition_id":1,"section_id":78798,"structure_id":13932,"section_number":"51.1-512","catch_line":"Optional life insurance","history":"1980, c. 643, \u00a7 51-111.67:12.1; 1990, c. 832; 1995, c. 360; 1997, c. 273; 2001, c. 696; 2005, c. 57; 2006, c. 252; 2010, c. 751; 2012, c. 696.","full_text":"A\n\nThe Board shall, under the terms and conditions specified by the Board, make available to each active insured employee optional life, accidental death, and dismemberment insurance in incremental additional amounts not to exceed a maximum amount determined by the Board. Such maximum shall be reviewed at least once every five calendar years by the actuary of the Virginia Retirement System and increased by the Board upon the recommendation of the actuary. The amount recommended by the actuary shall be based upon the annual increases in the United States Average Consumer Price Index for all items, all urban consumers (CPI-U), as published by the Bureau of Labor Statistics of the United States Department of Labor.B\n\nThe optional life, accidental death, and dismemberment insurance shall be made available to each active insured employee under conditions prescribed by the Board. The conditions prescribed by the Board shall provide that offering the optional insurance does not materially increase the rates for any group life insurance policy provided pursuant to &#xA7; 51.1-505.C\n\nAll optional insurance on an employee shall cease upon the earlier of (i) the date the employee&#8217;s basic coverage ceases or (ii) the date insurance being continued in retirement terminates pursuant to subsections D and E.D\n\nThe optional amount of life insurance in force on an employee who retires for disability on an immediate retirement allowance may be continued, subject to payment of any required premium by the employee, during continuance of such disability but not beyond the end of the month in which the employee attains his &#8220;normal retirement date&#8221; as defined in &#xA7; 51.1-124.3.E\n\nThe optional amount of life insurance in force on an employee who retires for service on an immediate retirement allowance, or for an employee who retired for disability on an immediate retirement allowance and who attains his &#8220;normal retirement date&#8221; as defined in &#xA7; 51.1-124.3, may be continued provided the retiree was continuously insured under this section for a period of at least 60 continuous months prior to retirement, or prior to reaching his &#8220;normal retirement date&#8221; as defined in &#xA7; 51.1-124.3 for a disability retirement. This continued insurance shall be in incremental amounts not to exceed a maximum amount determined by the Board and the amounts and corresponding maximum coverage shall reduce beginning at the employee&#8217;s &#8220;normal retirement date&#8221; as defined in &#xA7; 51.1-124.3, as determined by the Board. This maximum coverage amount shall be reviewed at least once every five calendar years as provided for under subsection A. The life insurance continued under this subsection shall cease upon the earliest of (i) the date the retiree attains age 80, (ii) lapse for nonpayment of premium, or (iii) return to employment and eligibility for active employee life insurance under Chapter 5 (&#xA7; 51.1-500 et seq.) of Title 51.1. All accidental death and dismemberment insurance shall cease at retirement.F\n\nThe cost of the optional insurance shall be determined periodically by the Board on the basis it considers appropriate. The Board may discontinue the optional insurance plan at any time upon determination that employee participation is not sufficient to continue the plan on a sound actuarial basis.G\n\nThe amount of optional life, accidental death, and dismemberment insurance in force on any employee at the date of his death shall be paid as provided in this chapter.H\n\nThe Board shall determine the form and content of the accounting reports to be made by the insurance company with respect to the optional insurance. Any expenses incurred by the Retirement System for operating and administering the optional insurance programs provided in this section may be recovered by the Board from the advance premium deposit reserve required by subsection B of &#xA7; 51.1-514.","order_by":null,"text":{"0":{"id":282295,"text":"The Board shall, under the terms and conditions specified by the Board, make available to each active insured employee optional life, accidental death, and dismemberment insurance in incremental additional amounts not to exceed a maximum amount determined by the Board. Such maximum shall be reviewed at least once every five calendar years by the actuary of the Virginia Retirement System and increased by the Board upon the recommendation of the actuary. The amount recommended by the actuary shall be based upon the annual increases in the United States Average Consumer Price Index for all items, all urban consumers (CPI-U), as published by the Bureau of Labor Statistics of the United States Department of Labor.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":282296,"text":"The optional life, accidental death, and dismemberment insurance shall be made available to each active insured employee under conditions prescribed by the Board. The conditions prescribed by the Board shall provide that offering the optional insurance does not materially increase the rates for any group life insurance policy provided pursuant to &#xA7; 51.1-505.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":282297,"text":"All optional insurance on an employee shall cease upon the earlier of (i) the date the employee&#8217;s basic coverage ceases or (ii) the date insurance being continued in retirement terminates pursuant to subsections D and E.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":282298,"text":"The optional amount of life insurance in force on an employee who retires for disability on an immediate retirement allowance may be continued, subject to payment of any required premium by the employee, during continuance of such disability but not beyond the end of the month in which the employee attains his &#8220;normal retirement date&#8221; as defined in &#xA7; 51.1-124.3.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":282299,"text":"The optional amount of life insurance in force on an employee who retires for service on an immediate retirement allowance, or for an employee who retired for disability on an immediate retirement allowance and who attains his &#8220;normal retirement date&#8221; as defined in &#xA7; 51.1-124.3, may be continued provided the retiree was continuously insured under this section for a period of at least 60 continuous months prior to retirement, or prior to reaching his &#8220;normal retirement date&#8221; as defined in &#xA7; 51.1-124.3 for a disability retirement. This continued insurance shall be in incremental amounts not to exceed a maximum amount determined by the Board and the amounts and corresponding maximum coverage shall reduce beginning at the employee&#8217;s &#8220;normal retirement date&#8221; as defined in &#xA7; 51.1-124.3, as determined by the Board. This maximum coverage amount shall be reviewed at least once every five calendar years as provided for under subsection A. The life insurance continued under this subsection shall cease upon the earliest of (i) the date the retiree attains age 80, (ii) lapse for nonpayment of premium, or (iii) return to employment and eligibility for active employee life insurance under Chapter 5 (&#xA7; 51.1-500 et seq.) of Title 51.1. All accidental death and dismemberment insurance shall cease at retirement.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D","next_prefix":"F"},"5":{"id":282300,"text":"The cost of the optional insurance shall be determined periodically by the Board on the basis it considers appropriate. The Board may discontinue the optional insurance plan at any time upon determination that employee participation is not sufficient to continue the plan on a sound actuarial basis.","type":"section","prefixes":["F"],"prefix":"F","entire_prefix":"F","prefix_anchor":"F","level":1,"prior_prefix":"E","next_prefix":"G"},"6":{"id":282301,"text":"The amount of optional life, accidental death, and dismemberment insurance in force on any employee at the date of his death shall be paid as provided in this chapter.","type":"section","prefixes":["G"],"prefix":"G","entire_prefix":"G","prefix_anchor":"G","level":1,"prior_prefix":"F","next_prefix":"H"},"7":{"id":282302,"text":"The Board shall determine the form and content of the accounting reports to be made by the insurance company with respect to the optional insurance. Any expenses incurred by the Retirement System for operating and administering the optional insurance programs provided in this section may be recovered by the Board from the advance premium deposit reserve required by subsection B of &#xA7; 51.1-514.","type":"section","prefixes":["H"],"prefix":"H","entire_prefix":"H","prefix_anchor":"H","level":1,"prior_prefix":"G"}},"ancestry":[{"id":13932,"edition_id":1,"name":"Group Insurance Program","identifier":"5","label":"chapter","depth":2,"order_by":1,"parent_id":12947,"metadata":{},"date_created":"2026-06-26 03:46:20","date_modified":"2026-06-26 03:46:20","permalink":{"id":236069,"object_type":"structure","relational_id":13932,"identifier":"5","token":"51.1\/5","url":"\/51.1\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12947,"edition_id":1,"name":"Pensions, Benefits, and Retirement","identifier":"51.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:04","date_modified":"2026-06-26 03:44:04","permalink":{"id":235029,"object_type":"structure","relational_id":12947,"identifier":"51.1","token":"51.1","url":"\/51.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":86887,"structure_id":13932,"section_number":"51.1-500","catch_line":"Definitions","url":"\/51.1-500\/","token":"51.1\/5\/51.1-500","metadata":false},{"id":84578,"structure_id":13932,"section_number":"51.1-501","catch_line":"Board authorized to purchase group life and accident insurance policies","url":"\/51.1-501\/","token":"51.1\/5\/51.1-501","metadata":false},{"id":63115,"structure_id":13932,"section_number":"51.1-502","catch_line":"Eligible employees and officers","url":"\/51.1-502\/","token":"51.1\/5\/51.1-502","metadata":false},{"id":83648,"structure_id":13932,"section_number":"51.1-502.1","catch_line":"Certain employees of teaching hospitals","url":"\/51.1-502.1\/","token":"51.1\/5\/51.1-502.1","metadata":false},{"id":59497,"structure_id":13932,"section_number":"51.1-502.2","catch_line":"Repealed","url":"\/51.1-502.2\/","token":"51.1\/5\/51.1-502.2","metadata":false},{"id":72342,"structure_id":13932,"section_number":"51.1-502.3","catch_line":"Certain employees of the Virginia Port Authority","url":"\/51.1-502.3\/","token":"51.1\/5\/51.1-502.3","metadata":false},{"id":76893,"structure_id":13932,"section_number":"51.1-503","catch_line":"Limitation on coverage","url":"\/51.1-503\/","token":"51.1\/5\/51.1-503","metadata":false},{"id":69960,"structure_id":13932,"section_number":"51.1-504","catch_line":"Election of political subdivision to participate; approval by Board","url":"\/51.1-504\/","token":"51.1\/5\/51.1-504","metadata":false},{"id":86868,"structure_id":13932,"section_number":"51.1-505","catch_line":"Amounts of life and accident insurance for each employee; reduction and termination of insurance","url":"\/51.1-505\/","token":"51.1\/5\/51.1-505","metadata":false},{"id":70590,"structure_id":13932,"section_number":"51.1-505.01","catch_line":"Additional accidental death and dismemberment benefits","url":"\/51.1-505.01\/","token":"51.1\/5\/51.1-505.01","metadata":false},{"id":55772,"structure_id":13932,"section_number":"51.1-506","catch_line":"Employee contributions; payroll deductions; effect of failure to deduct","url":"\/51.1-506\/","token":"51.1\/5\/51.1-506","metadata":false},{"id":60994,"structure_id":13932,"section_number":"51.1-507","catch_line":"Notice of desire not to be insured","url":"\/51.1-507\/","token":"51.1\/5\/51.1-507","metadata":false},{"id":55089,"structure_id":13932,"section_number":"51.1-508","catch_line":"Employer contributions","url":"\/51.1-508\/","token":"51.1\/5\/51.1-508","metadata":false},{"id":57511,"structure_id":13932,"section_number":"51.1-509","catch_line":"Keeping records and furnishing information required by Board","url":"\/51.1-509\/","token":"51.1\/5\/51.1-509","metadata":false},{"id":81121,"structure_id":13932,"section_number":"51.1-510","catch_line":"Insurance exempt from process","url":"\/51.1-510\/","token":"51.1\/5\/51.1-510","metadata":false},{"id":78151,"structure_id":13932,"section_number":"51.1-511","catch_line":"Persons entitled to payment of insurance on employee's death","url":"\/51.1-511\/","token":"51.1\/5\/51.1-511","metadata":false},{"id":78798,"structure_id":13932,"section_number":"51.1-512","catch_line":"Optional life insurance","url":"\/51.1-512\/","token":"51.1\/5\/51.1-512","metadata":false},{"id":65711,"structure_id":13932,"section_number":"51.1-512.1","catch_line":"Optional life insurance for the spouse and minor dependents of employees","url":"\/51.1-512.1\/","token":"51.1\/5\/51.1-512.1","metadata":false},{"id":86106,"structure_id":13932,"section_number":"51.1-513","catch_line":"Repealed","url":"\/51.1-513\/","token":"51.1\/5\/51.1-513","metadata":false},{"id":68495,"structure_id":13932,"section_number":"51.1-513.1","catch_line":"Long-term care insurance","url":"\/51.1-513.1\/","token":"51.1\/5\/51.1-513.1","metadata":false},{"id":80264,"structure_id":13932,"section_number":"51.1-513.2","catch_line":"Long-term care coverage program","url":"\/51.1-513.2\/","token":"51.1\/5\/51.1-513.2","metadata":false},{"id":57791,"structure_id":13932,"section_number":"51.1-513.3","catch_line":"Long-term care insurance program for employees of local governments, local officers, and teachers","url":"\/51.1-513.3\/","token":"51.1\/5\/51.1-513.3","metadata":false},{"id":72025,"structure_id":13932,"section_number":"51.1-513.4","catch_line":"Trust fund for long-term care programs","url":"\/51.1-513.4\/","token":"51.1\/5\/51.1-513.4","metadata":false},{"id":54987,"structure_id":13932,"section_number":"51.1-514","catch_line":"Policies to provide for accounting to Board; advance premium deposit reserve","url":"\/51.1-514\/","token":"51.1\/5\/51.1-514","metadata":false}],"previous_section":{"id":78151,"structure_id":13932,"section_number":"51.1-511","catch_line":"Persons entitled to payment of insurance on employee's death","url":"\/51.1-511\/","token":"51.1\/5\/51.1-511","metadata":false},"next_section":{"id":65711,"structure_id":13932,"section_number":"51.1-512.1","catch_line":"Optional life insurance for the spouse and minor dependents of employees","url":"\/51.1-512.1\/","token":"51.1\/5\/51.1-512.1","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/51.1-512\/","history_text":"<p>This law was first created in 1980. The record of its establishment is cataloged in chapter 643 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 1980 \u201cActs\u201d aren\u2019t available online. It has been modified 8 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 1990, chapter 832; in 1995, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?951+ful+CHAP0360\">360<\/a>; in 1997, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?971+ful+CHAP0273\">273<\/a>; in 2001, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?011+ful+CHAP0696\">696<\/a>; in 2005, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?051+ful+CHAP0057\">57<\/a>; in 2006, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?061+ful+CHAP0252\">252<\/a>; in 2010, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?101+ful+CHAP0751\">751<\/a>; in 2012, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?121+ful+CHAP0696\">696<\/a>.<\/p>","references":[{"id":67876,"section_number":"51.1-1134","catch_line":"Optional insurance during disability absences","order_by":null,"url":"\/51.1-1134\/"},{"id":82963,"section_number":"51.1-1175","catch_line":"Optional insurance during disability absences","order_by":null,"url":"\/51.1-1175\/"},{"id":83648,"section_number":"51.1-502.1","catch_line":"Certain employees of teaching hospitals","order_by":null,"url":"\/51.1-502.1\/"},{"id":72342,"section_number":"51.1-502.3","catch_line":"Certain employees of the Virginia Port Authority","order_by":null,"url":"\/51.1-502.3\/"},{"id":65711,"section_number":"51.1-512.1","catch_line":"Optional life insurance for the spouse and minor dependents of employees","order_by":null,"url":"\/51.1-512.1\/"}],"refers_to":[{"id":70634,"section_number":"51.1-124.3","catch_line":"Definitions","order_by":null,"url":"\/51.1-124.3\/"},{"id":86887,"section_number":"51.1-500","catch_line":"Definitions","order_by":null,"url":"\/51.1-500\/"},{"id":54987,"section_number":"51.1-514","catch_line":"Policies to provide for accounting to Board; advance premium deposit reserve","order_by":null,"url":"\/51.1-514\/"}],"permalink":{"id":236135,"object_type":"law","relational_id":78798,"identifier":"51.1-512","token":"51.1\/5\/51.1-512","url":"\/51.1-512\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/51.1-512\/","token":"51.1\/5\/51.1-512","dublin_core":{"Title":"Optional life insurance","Type":"Text","Format":"text\/html","Identifier":"\u00a7 51.1-512","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> The <span class=\"dictionary\">Board<\/span> shall, under the terms and conditions specified by the <span class=\"dictionary\">Board<\/span>, make available to each active insured employee optional life, accidental death, and <span class=\"dictionary\">dismemberment<\/span> insurance in incremental additional amounts not to exceed a maximum amount determined by the <span class=\"dictionary\">Board<\/span>. Such maximum shall be reviewed at least once every five calendar years by the actuary of the Virginia <span class=\"dictionary\">Retirement System<\/span> and increased by the <span class=\"dictionary\">Board<\/span> upon the recommendation of the actuary. The amount recommended by the actuary shall be based upon the annual increases in the United States Average Consumer Price Index for all items, all urban consumers (CPI-U), as published by the Bureau of Labor Statistics of the United States Department of Labor. <a id=\"paragraph-282295\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/51.1-512\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> The optional life, accidental death, and <span class=\"dictionary\">dismemberment<\/span> insurance shall be made available to each active insured employee under conditions prescribed by the <span class=\"dictionary\">Board<\/span>. The conditions prescribed by the <span class=\"dictionary\">Board<\/span> shall provide that offering the optional insurance does not materially increase the rates for any group life insurance policy provided pursuant to &#xA7; <a class=\"law\" title=\"Amounts of life and accident insurance for each employee; reduction and termination of insurance\" href=\"\/51.1-505\/\">51.1-505<\/a>. <a id=\"paragraph-282296\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/51.1-512\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> All optional insurance on an employee shall cease upon the earlier of (i) the date the employee&#8217;s basic coverage ceases or (ii) the date insurance being continued in retirement terminates pursuant to subsections D and E. <a id=\"paragraph-282297\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/51.1-512\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"D\"><p><span class=\"prefix-number\">D.<\/span> The optional amount of life insurance in force on an employee who retires for disability on an immediate retirement allowance may be continued, subject to payment of any required premium by the employee, during <span class=\"dictionary\">continuance<\/span> of such disability but not beyond the end of the month in which the employee attains his &#8220;normal retirement date&#8221; as defined in &#xA7; <a class=\"law\" title=\"Definitions\" href=\"\/51.1-124.3\/\">51.1-124.3<\/a>. <a id=\"paragraph-282298\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/51.1-512\/#D\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"E\"><p><span class=\"prefix-number\">E.<\/span> The optional amount of life insurance in force on an employee who retires for service on an immediate retirement allowance, or for an employee who retired for disability on an immediate retirement allowance and who attains his &#8220;normal retirement date&#8221; as defined in &#xA7; <a class=\"law\" title=\"Definitions\" href=\"\/51.1-124.3\/\">51.1-124.3<\/a>, may be continued provided the retiree was continuously insured under this section for a period of at least 60 continuous months prior to retirement, or prior to reaching his &#8220;normal retirement date&#8221; as defined in &#xA7; <a class=\"law\" title=\"Definitions\" href=\"\/51.1-124.3\/\">51.1-124.3<\/a> for a disability retirement. This continued insurance shall be in incremental amounts not to exceed a maximum amount determined by the <span class=\"dictionary\">Board<\/span> and the amounts and corresponding maximum coverage shall reduce beginning at the employee&#8217;s &#8220;normal retirement date&#8221; as defined in &#xA7; <a class=\"law\" title=\"Definitions\" href=\"\/51.1-124.3\/\">51.1-124.3<\/a>, as determined by the <span class=\"dictionary\">Board<\/span>. This maximum coverage amount shall be reviewed at least once every five calendar years as provided for under subsection A. The life insurance continued under this subsection shall cease upon the earliest of (i) the date the retiree attains age 80, (ii) lapse for nonpayment of premium, or (iii) return to employment and eligibility for active employee life insurance under Chapter 5 (&#xA7; <a class=\"law\" title=\"Definitions\" href=\"\/51.1-500\/\">51.1-500<\/a> et seq.) of Title 51.1. All accidental death and <span class=\"dictionary\">dismemberment<\/span> insurance shall cease at retirement. <a id=\"paragraph-282299\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/51.1-512\/#E\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"F\"><p><span class=\"prefix-number\">F.<\/span> The cost of the optional insurance shall be determined periodically by the <span class=\"dictionary\">Board<\/span> on the basis it considers appropriate. The <span class=\"dictionary\">Board<\/span> may discontinue the optional insurance plan at any time upon determination that employee participation is not sufficient to continue the plan on a sound actuarial basis. <a id=\"paragraph-282300\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/51.1-512\/#F\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"G\"><p><span class=\"prefix-number\">G.<\/span> The amount of optional life, accidental death, and <span class=\"dictionary\">dismemberment<\/span> insurance in force on any employee at the date of his death shall be paid as provided in this chapter. <a id=\"paragraph-282301\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/51.1-512\/#G\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"H\"><p><span class=\"prefix-number\">H.<\/span> The <span class=\"dictionary\">Board<\/span> shall determine the form and content of the accounting reports to be made by the insurance <span class=\"dictionary\">company<\/span> with respect to the optional insurance. Any expenses incurred by the <span class=\"dictionary\">Retirement System<\/span> for operating and administering the optional <span class=\"dictionary\">insurance programs<\/span> provided in this section may be recovered by the <span class=\"dictionary\">Board<\/span> from the advance premium deposit reserve required by subsection B of &#xA7; <a class=\"law\" title=\"Policies to provide for accounting to Board; advance premium deposit reserve\" href=\"\/51.1-514\/\">51.1-514<\/a>. <a id=\"paragraph-282302\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/51.1-512\/#H\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nOPTIONAL LIFE INSURANCE (\u00a7 51.1-512)\n\nA. The Board shall, under the terms and conditions specified by the Board, make\navailable to each active insured employee optional life, accidental death, and\ndismemberment insurance in incremental additional amounts not to exceed a\nmaximum amount determined by the Board. Such maximum shall be reviewed at least\nonce every five calendar years by the actuary of the Virginia Retirement System\nand increased by the Board upon the recommendation of the actuary. The amount\nrecommended by the actuary shall be based upon the annual increases in the\nUnited States Average Consumer Price Index for all items, all urban consumers\n(CPI-U), as published by the Bureau of Labor Statistics of the United States\nDepartment of Labor.\n\nB. The optional life, accidental death, and dismemberment insurance shall be\nmade available to each active insured employee under conditions prescribed by\nthe Board. The conditions prescribed by the Board shall provide that offering\nthe optional insurance does not materially increase the rates for any group life\ninsurance policy provided pursuant to &#xA7; 51.1-505.\n\nC. All optional insurance on an employee shall cease upon the earlier of (i) the\ndate the employee&#8217;s basic coverage ceases or (ii) the date insurance being\ncontinued in retirement terminates pursuant to subsections D and E.\n\nD. The optional amount of life insurance in force on an employee who retires for\ndisability on an immediate retirement allowance may be continued, subject to\npayment of any required premium by the employee, during continuance of such\ndisability but not beyond the end of the month in which the employee attains his\n&#8220;normal retirement date&#8221; as defined in &#xA7; 51.1-124.3.\n\nE. The optional amount of life insurance in force on an employee who retires for\nservice on an immediate retirement allowance, or for an employee who retired for\ndisability on an immediate retirement allowance and who attains his\n&#8220;normal retirement date&#8221; as defined in &#xA7; 51.1-124.3, may be\ncontinued provided the retiree was continuously insured under this section for a\nperiod of at least 60 continuous months prior to retirement, or prior to\nreaching his &#8220;normal retirement date&#8221; as defined in &#xA7;\n51.1-124.3 for a disability retirement. This continued insurance shall be in\nincremental amounts not to exceed a maximum amount determined by the Board and\nthe amounts and corresponding maximum coverage shall reduce beginning at the\nemployee&#8217;s &#8220;normal retirement date&#8221; as defined in &#xA7;\n51.1-124.3, as determined by the Board. This maximum coverage amount shall be\nreviewed at least once every five calendar years as provided for under\nsubsection A. The life insurance continued under this subsection shall cease\nupon the earliest of (i) the date the retiree attains age 80, (ii) lapse for\nnonpayment of premium, or (iii) return to employment and eligibility for active\nemployee life insurance under Chapter 5 (&#xA7; 51.1-500 et seq.) of Title 51.1.\nAll accidental death and dismemberment insurance shall cease at retirement.\n\nF. The cost of the optional insurance shall be determined periodically by the\nBoard on the basis it considers appropriate. The Board may discontinue the\noptional insurance plan at any time upon determination that employee\nparticipation is not sufficient to continue the plan on a sound actuarial basis.\n\nG. The amount of optional life, accidental death, and dismemberment insurance in\nforce on any employee at the date of his death shall be paid as provided in this\nchapter.\n\nH. The Board shall determine the form and content of the accounting reports to\nbe made by the insurance company with respect to the optional insurance. Any\nexpenses incurred by the Retirement System for operating and administering the\noptional insurance programs provided in this section may be recovered by the\nBoard from the advance premium deposit reserve required by subsection B of\n&#xA7; 51.1-514.\n\nHISTORY: 1980, c. 643, \u00a7 51-111.67:12.1; 1990, c. 832; 1995, c. 360; 1997, c.\n273; 2001, c. 696; 2005, c. 57; 2006, c. 252; 2010, c. 751; 2012, c. 696.","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}}