{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/38.2-3301.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/38.2-3301.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/38.2-3301.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/38.2-3301.1.html"}],"law_id":362068,"edition_id":2,"section_id":362068,"structure_id":51736,"section_number":"38.2-3301.1","catch_line":"Delivery of individual life insurance policies","history":"2009, c. 299.","full_text":"A\n\nFor purposes of determining the commencement of the period during which the owner of an individual life insurance policy may exercise any statutory right to examine, surrender, or return the policy for cancellation, the date of delivery of the policy shall be:\n\n1\n\nThe date of the signed receipt of delivery if the life insurance policy is (i) delivered by United States mail or other postal delivery system, or (ii) physically delivered to the owner by a representative of the insurer; or\n\n2\n\nThe date of electronic transmission of the policy, provided the electronic transmission has been effected in accordance with this title and any other state or federal laws governing the electronic transmission of documents and information. The insurer shall retain evidence of electronic transmittal for the entire period of the life insurance policy.\n\nB\n\nIf an insurer does not deliver a policy by the means set forth in subsection A, the burden of proof shall be on the insurer to establish that the policy was delivered, in the event of a dispute with the owner of the policy.\n\nC\n\nNotwithstanding subsections A and B, a policy shall be deemed to have been received by the owner of the policy as of the date of its issuance if six months have passed since its issuance and the owner of the policy has paid the premiums pursuant to the contract for those six months.\n\n","order_by":null,"text":{"0":{"id":1347987,"text":"For purposes of determining the commencement of the period during which the owner of an individual life insurance policy may exercise any statutory right to examine, surrender, or return the policy for cancellation, the date of delivery of the policy shall be:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":1347988,"text":"The date of the signed receipt of delivery if the life insurance policy is (i) delivered by United States mail or other postal delivery system, or (ii) physically delivered to the owner by a representative of the insurer; or","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":1347989,"text":"The date of electronic transmission of the policy, provided the electronic transmission has been effected in accordance with this title and any other state or federal laws governing the electronic transmission of documents and information. The insurer shall retain evidence of electronic transmittal for the entire period of the life insurance policy.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"B"},"3":{"id":1347990,"text":"If an insurer does not deliver a policy by the means set forth in subsection A, the burden of proof shall be on the insurer to establish that the policy was delivered, in the event of a dispute with the owner of the policy.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A2","next_prefix":"C"},"4":{"id":1347991,"text":"Notwithstanding subsections A and B, a policy shall be deemed to have been received by the owner of the policy as of the date of its issuance if six months have passed since its issuance and the owner of the policy has paid the premiums pursuant to the contract for those six months.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":51736,"edition_id":2,"name":"Life Insurance Policies; Annuities","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":51735,"metadata":{"child_laws":19,"child_structures":0},"date_created":"2026-08-02 02:47:35","date_modified":"2026-08-02 12:33:10","permalink":{"id":1441631,"object_type":"structure","relational_id":51736,"identifier":"1","token":"38.2\/33\/1","url":"\/38.2\/33\/1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51735,"edition_id":2,"name":"Life Insurance Policies","identifier":"33","label":"chapter","depth":2,"order_by":33,"parent_id":51644,"metadata":{"child_laws":63,"child_structures":3},"date_created":"2026-08-02 02:47:35","date_modified":"2026-08-02 12:33:10","permalink":{"id":1441629,"object_type":"structure","relational_id":51735,"identifier":"33","token":"38.2\/33","url":"\/38.2\/33\/","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":362067,"structure_id":51736,"section_number":"38.2-3300","catch_line":"Requirements; exceptions","url":"\/38.2-3300\/","token":"38.2\/33\/1\/38.2-3300","metadata":false},{"id":362069,"structure_id":51736,"section_number":"38.2-3301","catch_line":"Ten-day right to examine policy","url":"\/38.2-3301\/","token":"38.2\/33\/1\/38.2-3301","metadata":false},{"id":362068,"structure_id":51736,"section_number":"38.2-3301.1","catch_line":"Delivery of individual life insurance policies","url":"\/38.2-3301.1\/","token":"38.2\/33\/1\/38.2-3301.1","metadata":false},{"id":362070,"structure_id":51736,"section_number":"38.2-3302","catch_line":"How premiums payable","url":"\/38.2-3302\/","token":"38.2\/33\/1\/38.2-3302","metadata":false},{"id":362071,"structure_id":51736,"section_number":"38.2-3303","catch_line":"Grace period","url":"\/38.2-3303\/","token":"38.2\/33\/1\/38.2-3303","metadata":false},{"id":362072,"structure_id":51736,"section_number":"38.2-3304","catch_line":"Policy constitutes entire contract; statements deemed representations","url":"\/38.2-3304\/","token":"38.2\/33\/1\/38.2-3304","metadata":false},{"id":362073,"structure_id":51736,"section_number":"38.2-3305","catch_line":"Incontestability","url":"\/38.2-3305\/","token":"38.2\/33\/1\/38.2-3305","metadata":false},{"id":362074,"structure_id":51736,"section_number":"38.2-3306","catch_line":"Misstatement of age","url":"\/38.2-3306\/","token":"38.2\/33\/1\/38.2-3306","metadata":false},{"id":362075,"structure_id":51736,"section_number":"38.2-3307","catch_line":"Participation in surplus","url":"\/38.2-3307\/","token":"38.2\/33\/1\/38.2-3307","metadata":false},{"id":362076,"structure_id":51736,"section_number":"38.2-3308","catch_line":"Policy loans","url":"\/38.2-3308\/","token":"38.2\/33\/1\/38.2-3308","metadata":false},{"id":362077,"structure_id":51736,"section_number":"38.2-3309","catch_line":"Nonforfeiture benefits and cash surrender values","url":"\/38.2-3309\/","token":"38.2\/33\/1\/38.2-3309","metadata":false},{"id":362078,"structure_id":51736,"section_number":"38.2-3310","catch_line":"Table of values and options","url":"\/38.2-3310\/","token":"38.2\/33\/1\/38.2-3310","metadata":false},{"id":362079,"structure_id":51736,"section_number":"38.2-3311","catch_line":"Reinstatement","url":"\/38.2-3311\/","token":"38.2\/33\/1\/38.2-3311","metadata":false},{"id":362080,"structure_id":51736,"section_number":"38.2-3312","catch_line":"Settlement","url":"\/38.2-3312\/","token":"38.2\/33\/1\/38.2-3312","metadata":false},{"id":362081,"structure_id":51736,"section_number":"38.2-3313","catch_line":"Table of installments","url":"\/38.2-3313\/","token":"38.2\/33\/1\/38.2-3313","metadata":false},{"id":362082,"structure_id":51736,"section_number":"38.2-3314","catch_line":"Title","url":"\/38.2-3314\/","token":"38.2\/33\/1\/38.2-3314","metadata":false},{"id":362083,"structure_id":51736,"section_number":"38.2-3315","catch_line":"Variations for certain forms of policies; providing more favorable terms","url":"\/38.2-3315\/","token":"38.2\/33\/1\/38.2-3315","metadata":false},{"id":362084,"structure_id":51736,"section_number":"38.2-3316","catch_line":"Provisions prohibited","url":"\/38.2-3316\/","token":"38.2\/33\/1\/38.2-3316","metadata":{"court_decisions":""}},{"id":362085,"structure_id":51736,"section_number":"38.2-3317","catch_line":"Provisions required by other jurisdictions","url":"\/38.2-3317\/","token":"38.2\/33\/1\/38.2-3317","metadata":false}],"previous_section":{"id":362069,"structure_id":51736,"section_number":"38.2-3301","catch_line":"Ten-day right to examine policy","url":"\/38.2-3301\/","token":"38.2\/33\/1\/38.2-3301","metadata":false},"next_section":{"id":362070,"structure_id":51736,"section_number":"38.2-3302","catch_line":"How premiums payable","url":"\/38.2-3302\/","token":"38.2\/33\/1\/38.2-3302","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3301.1\/","history_text":"

This law was first created in 2009. The record of its establishment is cataloged in chapter 299<\/a> 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.<\/p>","references":false,"refers_to":false,"permalink":{"id":1441641,"object_type":"law","relational_id":362068,"identifier":"38.2-3301.1","token":"38.2\/33\/1\/38.2-3301.1","url":"\/38.2-3301.1\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/38.2-3301.1\/","token":"38.2\/33\/1\/38.2-3301.1","dublin_core":{"Title":"Delivery of individual life insurance policies","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3301.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> For purposes of determining the commencement of the period during which the owner of an individual life insurance<\/span> policy may exercise any statutory right to examine, surrender, or return the policy for cancellation, the date of delivery of the policy shall be: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The date of the signed receipt of delivery if the life insurance<\/span> policy is (i) delivered by United States<\/span> mail or other postal delivery system, or (ii) physically delivered to the owner by a representative of the insurer<\/span>; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The date of electronic transmission of the policy, provided the electronic transmission has been effected in accordance with this title and any other state<\/span> or federal laws<\/span> governing the electronic transmission of documents and information. The insurer<\/span> shall retain evidence<\/span> of electronic transmittal for the entire period of the life insurance<\/span> policy. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> If an insurer<\/span> does not deliver a policy by the means set forth in subsection A, the burden of proof<\/span> shall be on the insurer<\/span> to establish that the policy was delivered, in the event of a dispute with the owner of the policy. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Notwithstanding subsections A and B, a policy shall be deemed to have been received by the owner of the policy as of the date of its issuance if six months have passed since its issuance and the owner of the policy has paid the premiums pursuant to the contract<\/span> for those six months. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDELIVERY OF INDIVIDUAL LIFE INSURANCE POLICIES (\u00a7 38.2-3301.1)\n\nA. For purposes of determining the commencement of the period during which the\nowner of an individual life insurance policy may exercise any statutory right to\nexamine, surrender, or return the policy for cancellation, the date of delivery\nof the policy shall be:\n\n 1. The date of the signed receipt of delivery if the life insurance policy is\n (i) delivered by United States mail or other postal delivery system, or (ii)\n physically delivered to the owner by a representative of the insurer; or\n\n 2. The date of electronic transmission of the policy, provided the electronic\n transmission has been effected in accordance with this title and any other\n state or federal laws governing the electronic transmission of documents and\n information. The insurer shall retain evidence of electronic transmittal for\n the entire period of the life insurance policy.\n\nB. If an insurer does not deliver a policy by the means set forth in subsection\nA, the burden of proof shall be on the insurer to establish that the policy was\ndelivered, in the event of a dispute with the owner of the policy.\n\nC. Notwithstanding subsections A and B, a policy shall be deemed to have been\nreceived by the owner of the policy as of the date of its issuance if six months\nhave passed since its issuance and the owner of the policy has paid the premiums\npursuant to the contract for those six months.\n\nHISTORY: 2009, c. 299.","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"}}