                                 CODE OF VIRGINIA

NONFORFEITURE BENEFITS AND CASH SURRENDER VALUES (§ 38.2-3309)

A. Each individual life insurance policy shall contain a provision for
nonforfeiture benefits. The provision shall specify the options to which the
policyowner is entitled, in accordance with the requirements of &#xA7;
38.2-3202.

B. Each individual life insurance policy shall have a provision for cash
surrender values in accordance with the requirements of &#xA7; 38.2-3203.

HISTORY: Code 1950, § 38-371(7), (8); 1950, p. 180; 1952, c. 317, § 38.1-398;
1986, c. 562.