Virginia Code 38.2-3226: Disclosure of limited death benefits
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Any contract that does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount before the beginning of any annuity payments shall include a statement in a prominent place in the contract that those benefits are not provided.
Terms Used In Virginia Code 38.2-3226
- Contract: A legal written agreement that becomes binding when signed.
1979, c. 437, § 38.1-470.1; 1986, c. 562.