Va. Code § 38.2-3227

Current with changes from the 2024 legislative session through ch. 845

Section 38.2-3227 - Inclusion of lapse of time considerations

Any paid-up annuity, cash surrender or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, shall be calculated with allowance for a lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.

1979, c. 437, § 38.1-470.1; 1986, c. 562.

Amended by Acts 1986, § c. 562.

Amended by Acts 1979, § c. 437, §38.1-470.1.