2006 Code of Virginia § 38.2-3315 - Variations for certain forms of policies; providing more favorable terms
38.2-3315. Variations for certain forms of policies; providing morefavorable terms.
A. Any of the requirements of 38.2-3300 through 38.2-3314 not applicableto single premium, nonparticipating, term, variable, or flexible premium lifeinsurance policies shall to that extent, as approved by the Commission, beappropriately modified or not be incorporated in these policies.
B. Any individual life insurance policy that, in the opinion of theCommission, contains provisions more favorable to the policyholder than thoserequired by 38.2-3300 through 38.2-3314, may be delivered or issued fordelivery in this Commonwealth after approval by the Commission.
(Code 1950, 38-372; 1952, c. 317, 38.1-404; 1976, c. 562; 1986, c. 562.)
Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
