                                 CODE OF VIRGINIA

SAME; LIFE INSURANCE PROVIDING FUTURE PREMIUM DETERMINATION (§ 38.2-3210)

For any plan of life insurance providing for future premium determination, the
amounts of which are to be determined by the insurer based on then estimates of
future experience, or for any plan of life insurance for which minimum values
cannot be determined by the methods described in §§ 38.2-3202 through
38.2-3209, then:

1. The Commission shall be satisfied that the benefits provided under the plan
are substantially as favorable to policyholders and insureds as the minimum
benefits otherwise required by &#xA7;&#xA7; 38.2-3202 through 38.2-3209;

2. The Commission shall be satisfied that the benefits and the pattern of
premiums of the plan are not misleading to prospective policyholders or
insureds; and

3. The cash surrender values and paid-up nonforfeiture benefits provided by the
plan shall not be less than the minimum values and benefits required for the
plan computed by a method consistent with the principles of &#xA7;&#xA7;
38.2-3202 through 38.2-3213, as determined by the Commission.

HISTORY: 1982, c. 228, § 38.1-465.4; 1986, c. 562.