                                 CODE OF VIRGINIA

DEFINITION OF INDUSTRIAL LIFE INSURANCE (§ 38.2-3340)

&#8220;Industrial life insurance&#8221; means life insurance provided by an
individual insurance contract (i) under which premiums are payable monthly or
more frequently, and (ii) with the words &#8220;industrial policy&#8221; printed
upon the policy as a part of the descriptive matter.

HISTORY: Code 1950, § 38-433; 1952, c. 317, § 38.1-482; 1986, c. 562.