<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>66707</law_id><section_number>38.2-3229</section_number><catch_line>Effective date</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>38.2-3219</reference><reference>38.2-3220</reference><reference>38.2-3229</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="32">Standard Nonforfeiture Provisions for Life Insurance</unit></structure><text>
						<section><p>After July 1, 1979, for <span class="dictionary">contracts</span> subject to subsection B, C, or D of &#xA7;&#xA0;<a class="law" title="Minimum values" href="/38.2-3221/">38.2-3221</a>, the operative date for application of &#xA7;&#xA0;<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 &#xA7;&#xA7;&#xA0;<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 &#xA7;&#xA0;<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 &#xA7;&#xA0;<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></text><history>1979, c. 437, &#xA7; 38.1-470.1; 1986, c. 562; 2004, c. 313.</history><metadata></metadata></law>
