Connecticut § 38a-634 (Formerly Sec. 38-226). Nonforfeiture benefits, cash surrender values and certificate loans.

Connecticut Statutes

§ 38a-634 — (Formerly Sec. 38-226). Nonforfeiture benefits, cash surrender values and certificate loans.

Connecticut § 38a-634

Title 38aInsurance

Ch. 700dFraternal Benefit Societies

This text of Connecticut § 38a-634 ((Formerly Sec. 38-226). Nonforfeiture benefits, cash surrender values and certificate loans.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 38a-634 (2026).

Text

A society may grant paid-up nonforfeiture benefits, cash surrender values, certificate loans and such other options as its laws may permit. As to certificates issued on and after January 1, 1958, a society shall grant at least one paid-up nonforfeiture benefit, except in the case of pure endowment, annuity or reversionary annuity contracts, reducing term insurance contracts or contracts of term insurance of uniform amount of fifteen years or less expiring before age sixty-six.

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A society may grant paid-up nonforfeiture benefits, cash surrender values, certificate loans and such other options as its laws may permit. As to certificates issued on and after January 1, 1958, a society shall grant at least one paid-up nonforfeiture benefit, except in the case of pure endowment, annuity or reversionary annuity contracts, reducing term insurance contracts or contracts of term insurance of uniform amount of fifteen years or less expiring before age sixty-six.