{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/38.2-3817.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/38.2-3817.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/38.2-3817.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/38.2-3817.html"}],"law_id":362452,"edition_id":2,"section_id":362452,"structure_id":51762,"section_number":"38.2-3817","catch_line":"Paid-up insurance or extended term insurance","history":"Code 1950, \u00a7 38-486; 1952, c. 317, \u00a7 38.1-517; 1986, c. 562.","full_text":"Any company shall provide for automatic paid-up or extended term insurance in the event of the default in premium payments of any contract that has been in force for at least two years from the date of issue. The amount of such insurance shall not exceed the amount which the reserve that is credited to the member will purchase. The company shall carry the liability on its books.\n\n","order_by":null,"text":{"0":{"id":1350089,"text":"Any company shall provide for automatic paid-up or extended term insurance in the event of the default in premium payments of any contract that has been in force for at least two years from the date of issue. The amount of such insurance shall not exceed the amount which the reserve that is credited to the member will purchase. The company shall carry the liability on its books.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":51762,"edition_id":2,"name":"Reserves, Policies and Benefits","identifier":"2","label":"article","depth":3,"order_by":2,"parent_id":51760,"metadata":{"child_laws":5,"child_structures":0},"date_created":"2026-08-02 02:48:19","date_modified":"2026-08-02 12:33:16","permalink":{"id":1443211,"object_type":"structure","relational_id":51762,"identifier":"2","token":"38.2\/38\/2","url":"\/38.2\/38\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51760,"edition_id":2,"name":"Cooperative Nonprofit Life Benefit Companies","identifier":"38","label":"chapter","depth":2,"order_by":40,"parent_id":51644,"metadata":{"child_laws":19,"child_structures":2},"date_created":"2026-08-02 02:48:17","date_modified":"2026-08-02 12:33:16","permalink":{"id":1443151,"object_type":"structure","relational_id":51760,"identifier":"38","token":"38.2\/38","url":"\/38.2\/38\/","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":362449,"structure_id":51762,"section_number":"38.2-3814","catch_line":"Contracts in writing; fees","url":"\/38.2-3814\/","token":"38.2\/38\/2\/38.2-3814","metadata":false},{"id":362450,"structure_id":51762,"section_number":"38.2-3815","catch_line":"What benefits policies may provide","url":"\/38.2-3815\/","token":"38.2\/38\/2\/38.2-3815","metadata":false},{"id":362451,"structure_id":51762,"section_number":"38.2-3816","catch_line":"Policies companies may issue; reserves required; provisions concerning increase of rates and extra assessments","url":"\/38.2-3816\/","token":"38.2\/38\/2\/38.2-3816","metadata":false},{"id":362452,"structure_id":51762,"section_number":"38.2-3817","catch_line":"Paid-up insurance or extended term insurance","url":"\/38.2-3817\/","token":"38.2\/38\/2\/38.2-3817","metadata":false},{"id":362453,"structure_id":51762,"section_number":"38.2-3818","catch_line":"Officers and members not individually liable for payment","url":"\/38.2-3818\/","token":"38.2\/38\/2\/38.2-3818","metadata":false}],"previous_section":{"id":362451,"structure_id":51762,"section_number":"38.2-3816","catch_line":"Policies companies may issue; reserves required; provisions concerning increase of rates and extra assessments","url":"\/38.2-3816\/","token":"38.2\/38\/2\/38.2-3816","metadata":false},"next_section":{"id":362453,"structure_id":51762,"section_number":"38.2-3818","catch_line":"Officers and members not individually liable for payment","url":"\/38.2-3818\/","token":"38.2\/38\/2\/38.2-3818","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3817\/","history_text":"<p>The record of this law\u2019s original creation isn\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 1952, chapter 317; in 1986, chapter 562.<\/p>","references":false,"refers_to":false,"permalink":{"id":1443225,"object_type":"law","relational_id":362452,"identifier":"38.2-3817","token":"38.2\/38\/2\/38.2-3817","url":"\/38.2-3817\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/38.2-3817\/","token":"38.2\/38\/2\/38.2-3817","dublin_core":{"Title":"Paid-up insurance or extended term insurance","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3817","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Any <span class=\"dictionary\">company<\/span> shall provide for automatic paid-up or extended term <span class=\"dictionary\">insurance<\/span> in the event of the <span class=\"dictionary\">default<\/span> in premium payments of any <span class=\"dictionary\">contract<\/span> that has been in force for at least two years from the date of <span class=\"dictionary\">issue<\/span>. The amount of such <span class=\"dictionary\">insurance<\/span> shall not exceed the amount which the reserve that is credited to the member will purchase. The <span class=\"dictionary\">company<\/span> shall carry the liability on its books.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nPAID-UP INSURANCE OR EXTENDED TERM INSURANCE (\u00a7 38.2-3817)\n\nAny company shall provide for automatic paid-up or extended term insurance in\nthe event of the default in premium payments of any contract that has been in\nforce for at least two years from the date of issue. The amount of such\ninsurance shall not exceed the amount which the reserve that is credited to the\nmember will purchase. The company shall carry the liability on its books.\n\nHISTORY: Code 1950, \u00a7 38-486; 1952, c. 317, \u00a7 38.1-517; 1986, c. 562.","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"}}