Nonforfeiture benefits and cash surrender values

Va. Code Ann. § 38.2-3309
in effect
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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 § 38.2-3202 . B. Each individual life insurance policy shall have a provision for cash surrender values in accordance with the requirements of § 38.2-3203 . Code 1950, § 38-371(7), (8); 1950, p. 180; 1952, c. 317, § 38.1-398; 1986, c. 562.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/38.2-3309/Fetched: 10/16/2026

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