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·Title 38a Insurance·Ch. 700d Fraternal Benefit Societies

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.

Connecticut § 38a-634 ((Formerly Sec. 38-226). Nonforfeiture benefits, cash surrender values and certificate loans.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.