Virginia § 38.2-3817 - Paid-up insurance or extended term insurance
Full text of Virginia Code of Virginia § 38.2-3817 — Paid-up insurance or extended term insurance, with citation guidance and answers to common questions.
§ 38.2-3817. Paid-up insurance or extended term insurance
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.
Code 1950, § 38-486; 1952, c. 317, § 38.1-517; 1986, c. 562.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 38.2-3817
What does Code of Virginia § 38.2-3817 cover?
Section 38.2-3817 ("Paid-up insurance or extended term insurance") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 38.2-3817?
A common citation format is "Code of Virginia § 38.2-3817" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 38.2-3817 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.