2014 Virginia Code
Title 38.2 - Insurance
§ 38.2-3142. (Repealed effective January 1, 2015) Same -- Indeterminate premium plans

For any plan of life insurance that provides for future premium determination, the amounts of which are to be determined by the insurer based on estimates of future experience, or for any plan of life insurance or annuity whose minimum reserves cannot be determined by the methods described in §§ 38.2-3137, 38.2-3138 and 38.2-3141, the reserves held under any such plan shall:

1. Be appropriate in relation to the benefits and the pattern of premiums for that plan; and

2. Be computed by a method consistent with the principles of this article, as determined by regulations promulgated by the Commission.

Code 1950, § 38-394; 1952, c. 317, § 38.1-456; 1959, Ex. Sess., c. 43; 1962, c. 562; 1975, c. 215; 1979, c. 437; 1982, c. 227; 1986, c. 562.