Standard Valuation

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Article 10 of the Code of Virginia, titled “Standard Valuation.” It is part of Chapter 13 “Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents”, which is part of Title 38.2 “Insurance”. It contains 21 laws.

It’s comprised of the following 21 sections.

§ 38.2-1365	Definitions
§ 38.2-1366	Reserve valuation
§ 38.2-1367	Actuarial opinion of reserves
§ 38.2-1368	Minimum valuation standard for policies issued prior to certain dates
§ 38.2-1369	Computation of minimum standard
§ 38.2-1370	Computation of minimum standard for annuities
§ 38.2-1371	Computation of minimum standard by calendar year of issue
§ 38.2-1372	Reserve valuation method; life insurance and endowment benefits
§ 38.2-1373	Reserve valuation method; annuity and pure endowment benefits
§ 38.2-1374	Minimum reserves
§ 38.2-1375	Optional reserve calculation
§ 38.2-1376	Reserve calculation; valuation net premium exceeding the gross premium charged
§ 38.2-1377	Reserve calculation; indeterminate premium plans
§ 38.2-1378	Minimum standard for accident and health insurance contracts
§ 38.2-1379	Valuation manual for policies issued on or after the operative date of the valuation manual
§ 38.2-1380	Requirements of a principle-based valuation
§ 38.2-1381	Experience reporting for policies in force on or after the operative date of the valuation manual
§ 38.2-1382	Confidentiality
§ 38.2-1383	Single state exemption
§ 38.2-1384	Assessment against insurers whose policies are valued
§ 38.2-1385	Article not applicable in certain cases