                                 CODE OF VIRGINIA

MATURITY DATE (§ 38.2-3225)

For the purpose of determining the benefits calculated under §§ 38.2-3223 and
38.2-3224 for annuity contracts under which an election may be made to have
annuity payments commence at optional maturity dates, the maturity date shall be
deemed to be the latest date for which election is permitted by the contract,
but shall not be deemed to be later than the anniversary of the contract next
following the annuitant&#8217;s seventieth birthday or the tenth anniversary of
the contract, whichever is later.

HISTORY: 1979, c. 437, § 38.1-470.1; 1986, c. 562.