Virginia Statutes
§ 38.2-3817 — Paid-up insurance or extended term insurance
Virginia § 38.2-3817
JurisdictionVirginia
Title 38.2INSURANCE
Ch. 38COOPERATIVE NONPROFIT LIFE BENEFIT COMPANIES
Art. 2RESERVES, POLICIES AND BENEFITS
This text of Virginia § 38.2-3817 (Paid-up insurance or extended term insurance) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 38.2-3817 (2026).
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Code 1950, § 38-486; 1952, c. 317, § 38.1-517; 1986, c. 562.
Nearby Sections
15
§ 38.2-100
Definitions§ 38.2-1000
Incorporation of domestic stock insurers§ 38.2-1001
Incorporation of domestic mutual insurers§ 38.2-1004
Voting§ 38.2-1005
Certain mutual companies and societies not to become stock companies without approval of Commission§ 38.2-1005.1:1
Definitions§ 38.2-1005.1:10
Conflicts of interest§ 38.2-1005.1:11
Costs and expenses§ 38.2-1005.1:12
Failure to give notice§ 38.2-1005.1:13
Limitation on actionsCite This Page — Counsel Stack
Bluebook (online)
Virginia § 38.2-3817, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/38.2/38.2-3817.