{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/38.2-3219.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/38.2-3219.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/38.2-3219.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/38.2-3219.html"}],"law_id":362051,"edition_id":2,"section_id":362051,"structure_id":51734,"section_number":"38.2-3219","catch_line":"Applicability","history":"1979, c. 437, \u00a7 38.1-470.1; 1986, c. 562; 1992, c. 210.","full_text":"Sections 38.2-3220 through 38.2-3229 shall not apply to any (i) reinsurance; (ii) group annuity purchased under a retirement plan or plan of deferred compensation established or maintained by an employer, including a partnership or sole proprietorship, or by an employee organization, or by both, other than a plan providing individual retirement accounts or individual retirement annuities under \u00a7 408 of the Internal Revenue Code, as amended; (iii) premium deposit fund; (iv) variable annuity; (v) investment annuity; (vi) immediate annuity; (vii) deferred annuity contract after annuity payments have commenced; (viii) reversionary annuity; (ix) modified guaranteed annuity; or (x) contract delivered outside this Commonwealth through an agent or other representative of the insurer issuing the contract.\n\n","order_by":null,"text":{"0":{"id":1347922,"text":"Sections 38.2-3220 through 38.2-3229 shall not apply to any (i) reinsurance; (ii) group annuity purchased under a retirement plan or plan of deferred compensation established or maintained by an employer, including a partnership or sole proprietorship, or by an employee organization, or by both, other than a plan providing individual retirement accounts or individual retirement annuities under \u00a7 408 of the Internal Revenue Code, as amended; (iii) premium deposit fund; (iv) variable annuity; (v) investment annuity; (vi) immediate annuity; (vii) deferred annuity contract after annuity payments have commenced; (viii) reversionary annuity; (ix) modified guaranteed annuity; or (x) contract delivered outside this Commonwealth through an agent or other representative of the insurer issuing the contract.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":51734,"edition_id":2,"name":"Standard Nonforfeiture Provisions for Life Insurance","identifier":"32","label":"chapter","depth":2,"order_by":32,"parent_id":51644,"metadata":{"child_laws":30,"child_structures":0},"date_created":"2026-08-02 02:47:31","date_modified":"2026-08-02 12:33:10","permalink":{"id":1441507,"object_type":"structure","relational_id":51734,"identifier":"32","token":"38.2\/32","url":"\/38.2\/32\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51644,"edition_id":2,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":88,"parent_id":null,"metadata":{"child_laws":1890,"child_structures":173},"date_created":"2026-08-02 02:45:30","date_modified":"2026-08-02 12:32:55","permalink":{"id":1437663,"object_type":"structure","relational_id":51644,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":362031,"structure_id":51734,"section_number":"38.2-3200","catch_line":"Nonforfeiture benefits and cash surrender values in life policies issued prior to operative date stated in \u00a7 38.2-3214","url":"\/38.2-3200\/","token":"38.2\/32\/38.2-3200","metadata":false},{"id":362032,"structure_id":51734,"section_number":"38.2-3201","catch_line":"Same; for industrial life policies","url":"\/38.2-3201\/","token":"38.2\/32\/38.2-3201","metadata":false},{"id":362033,"structure_id":51734,"section_number":"38.2-3202","catch_line":"Standard nonforfeiture law; required policy provisions","url":"\/38.2-3202\/","token":"38.2\/32\/38.2-3202","metadata":false},{"id":362034,"structure_id":51734,"section_number":"38.2-3203","catch_line":"Same; cash surrender value in case of default","url":"\/38.2-3203\/","token":"38.2\/32\/38.2-3203","metadata":false},{"id":362035,"structure_id":51734,"section_number":"38.2-3204","catch_line":"Same; present value of paid-up nonforfeiture benefits on default","url":"\/38.2-3204\/","token":"38.2\/32\/38.2-3204","metadata":false},{"id":362036,"structure_id":51734,"section_number":"38.2-3205","catch_line":"Same; calculation of adjusted premiums","url":"\/38.2-3205\/","token":"38.2\/32\/38.2-3205","metadata":false},{"id":362037,"structure_id":51734,"section_number":"38.2-3206","catch_line":"Same; tables used for calculations","url":"\/38.2-3206\/","token":"38.2\/32\/38.2-3206","metadata":false},{"id":362038,"structure_id":51734,"section_number":"38.2-3207","catch_line":"Same; use of new mortality table; ordinary policies","url":"\/38.2-3207\/","token":"38.2\/32\/38.2-3207","metadata":false},{"id":362039,"structure_id":51734,"section_number":"38.2-3208","catch_line":"Same; industrial policies","url":"\/38.2-3208\/","token":"38.2\/32\/38.2-3208","metadata":false},{"id":362040,"structure_id":51734,"section_number":"38.2-3209","catch_line":"Same; adjusted premiums for policies","url":"\/38.2-3209\/","token":"38.2\/32\/38.2-3209","metadata":false},{"id":362042,"structure_id":51734,"section_number":"38.2-3210","catch_line":"Same; life insurance providing future premium determination","url":"\/38.2-3210\/","token":"38.2\/32\/38.2-3210","metadata":false},{"id":362043,"structure_id":51734,"section_number":"38.2-3211","catch_line":"Same; other factors in calculations","url":"\/38.2-3211\/","token":"38.2\/32\/38.2-3211","metadata":false},{"id":362044,"structure_id":51734,"section_number":"38.2-3212","catch_line":"Same; policies issued on or after January 1, 1986","url":"\/38.2-3212\/","token":"38.2\/32\/38.2-3212","metadata":false},{"id":362045,"structure_id":51734,"section_number":"38.2-3213","catch_line":"Same; exemptions from application of certain sections","url":"\/38.2-3213\/","token":"38.2\/32\/38.2-3213","metadata":false},{"id":362046,"structure_id":51734,"section_number":"38.2-3214","catch_line":"Same; operative date","url":"\/38.2-3214\/","token":"38.2\/32\/38.2-3214","metadata":false},{"id":362047,"structure_id":51734,"section_number":"38.2-3215","catch_line":"Same; operative date for \u00a7 38.2-3207","url":"\/38.2-3215\/","token":"38.2\/32\/38.2-3215","metadata":false},{"id":362048,"structure_id":51734,"section_number":"38.2-3216","catch_line":"Same; operative date for \u00a7 38.2-3208","url":"\/38.2-3216\/","token":"38.2\/32\/38.2-3216","metadata":false},{"id":362049,"structure_id":51734,"section_number":"38.2-3217","catch_line":"Loan provisions in policies issued prior to operative date stated in \u00a7 38.2-3214","url":"\/38.2-3217\/","token":"38.2\/32\/38.2-3217","metadata":false},{"id":362050,"structure_id":51734,"section_number":"38.2-3218","catch_line":"Same; in policies subsequently issued","url":"\/38.2-3218\/","token":"38.2\/32\/38.2-3218","metadata":false},{"id":362051,"structure_id":51734,"section_number":"38.2-3219","catch_line":"Applicability","url":"\/38.2-3219\/","token":"38.2\/32\/38.2-3219","metadata":false},{"id":362053,"structure_id":51734,"section_number":"38.2-3220","catch_line":"Nonforfeiture requirements","url":"\/38.2-3220\/","token":"38.2\/32\/38.2-3220","metadata":false},{"id":362054,"structure_id":51734,"section_number":"38.2-3221","catch_line":"Minimum values","url":"\/38.2-3221\/","token":"38.2\/32\/38.2-3221","metadata":false},{"id":362055,"structure_id":51734,"section_number":"38.2-3222","catch_line":"Computation of present value","url":"\/38.2-3222\/","token":"38.2\/32\/38.2-3222","metadata":false},{"id":362056,"structure_id":51734,"section_number":"38.2-3223","catch_line":"Calculation of cash surrender values","url":"\/38.2-3223\/","token":"38.2\/32\/38.2-3223","metadata":false},{"id":362057,"structure_id":51734,"section_number":"38.2-3224","catch_line":"Calculation of paid-up annuity benefits","url":"\/38.2-3224\/","token":"38.2\/32\/38.2-3224","metadata":false},{"id":362058,"structure_id":51734,"section_number":"38.2-3225","catch_line":"Maturity date","url":"\/38.2-3225\/","token":"38.2\/32\/38.2-3225","metadata":false},{"id":362059,"structure_id":51734,"section_number":"38.2-3226","catch_line":"Disclosure of limited death benefits","url":"\/38.2-3226\/","token":"38.2\/32\/38.2-3226","metadata":false},{"id":362060,"structure_id":51734,"section_number":"38.2-3227","catch_line":"Inclusion of lapse of time considerations","url":"\/38.2-3227\/","token":"38.2\/32\/38.2-3227","metadata":false},{"id":362061,"structure_id":51734,"section_number":"38.2-3228","catch_line":"Proration of values; additional benefits","url":"\/38.2-3228\/","token":"38.2\/32\/38.2-3228","metadata":false},{"id":362062,"structure_id":51734,"section_number":"38.2-3229","catch_line":"Effective date","url":"\/38.2-3229\/","token":"38.2\/32\/38.2-3229","metadata":false}],"previous_section":{"id":362050,"structure_id":51734,"section_number":"38.2-3218","catch_line":"Same; in policies subsequently issued","url":"\/38.2-3218\/","token":"38.2\/32\/38.2-3218","metadata":false},"next_section":{"id":362053,"structure_id":51734,"section_number":"38.2-3220","catch_line":"Nonforfeiture requirements","url":"\/38.2-3220\/","token":"38.2\/32\/38.2-3220","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3219\/","history_text":"<p>This law was first created in 1979. The record of its establishment is cataloged in chapter 437 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1979 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1986, chapter 562; in 1992, chapter 210.<\/p>","references":[{"id":362053,"section_number":"38.2-3220","catch_line":"Nonforfeiture requirements","order_by":null,"url":"\/38.2-3220\/"},{"id":362062,"section_number":"38.2-3229","catch_line":"Effective date","order_by":null,"url":"\/38.2-3229\/"}],"refers_to":[{"id":362053,"section_number":"38.2-3220","catch_line":"Nonforfeiture requirements","order_by":null,"url":"\/38.2-3220\/"},{"id":362062,"section_number":"38.2-3229","catch_line":"Effective date","order_by":null,"url":"\/38.2-3229\/"}],"permalink":{"id":1441585,"object_type":"law","relational_id":362051,"identifier":"38.2-3219","token":"38.2\/32\/38.2-3219","url":"\/38.2-3219\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/38.2-3219\/","token":"38.2\/32\/38.2-3219","dublin_core":{"Title":"Applicability","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3219","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Sections <a class=\"law\" title=\"Nonforfeiture requirements\" href=\"\/38.2-3220\/\">38.2-3220<\/a> through <a class=\"law\" title=\"Effective date\" href=\"\/38.2-3229\/\">38.2-3229<\/a> shall not apply to any (i) reinsurance; (ii) group annuity purchased under a retirement plan or plan of deferred compensation established or maintained by an employer, including a partnership or sole proprietorship, or by an employee organization, or by both, other than a plan providing individual retirement accounts or individual retirement annuities under \u00a7&nbsp;408 of the Internal Revenue Code, as amended; (iii) premium deposit fund; (iv) variable annuity; (v) investment annuity; (vi) immediate annuity; (vii) deferred annuity <span class=\"dictionary\">contract<\/span> after annuity payments have commenced; (viii) reversionary annuity; (ix) modified guaranteed annuity; or (x) <span class=\"dictionary\">contract<\/span> delivered outside this Commonwealth through an agent or other representative of the <span class=\"dictionary\">insurer<\/span> issuing the <span class=\"dictionary\">contract<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nAPPLICABILITY (\u00a7 38.2-3219)\n\nSections 38.2-3220 through 38.2-3229 shall not apply to any (i) reinsurance;\n(ii) group annuity purchased under a retirement plan or plan of deferred\ncompensation established or maintained by an employer, including a partnership\nor sole proprietorship, or by an employee organization, or by both, other than a\nplan providing individual retirement accounts or individual retirement annuities\nunder \u00a7 408 of the Internal Revenue Code, as amended; (iii) premium deposit\nfund; (iv) variable annuity; (v) investment annuity; (vi) immediate annuity;\n(vii) deferred annuity contract after annuity payments have commenced; (viii)\nreversionary annuity; (ix) modified guaranteed annuity; or (x) contract\ndelivered outside this Commonwealth through an agent or other representative of\nthe insurer issuing the contract.\n\nHISTORY: 1979, c. 437, \u00a7 38.1-470.1; 1986, c. 562; 1992, c. 210.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}