Reserves, Policies and Benefits

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 2 of the Code of Virginia, titled “Reserves, Policies and Benefits.” It is part of Chapter 38 “Cooperative Nonprofit Life Benefit Companies”, which is part of Title 38.2 “Insurance”. It contains 5 laws.

It’s comprised of the following 5 sections.

§ 38.2-3814	Contracts in writing; fees
§ 38.2-3815	What benefits policies may provide
§ 38.2-3816	Policies companies may issue; reserves required; provisions concerning increase of rates and extra assessments
§ 38.2-3817	Paid-up insurance or extended term insurance
§ 38.2-3818	Officers and members not individually liable for payment