Code of Virginia (Last Updated:July 28, 2020) |
TITLE 38.2. Insurance |
CHAPTER 32. Standard Nonforfeiture Provisions for Life Insurance |
SECTION 38.2-3226. Disclosure of limited death benefits |
Any contract that does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount before the beginning of any annuity payments shall include a statement in a prominent place in the contract that those benefits are not provided. 1979, c. 437, § 38.1-470.1; 1986, c. 562. |