Standard Nonforfeiture Law of 2018 for Life Insurance

  1. Law
  2. US Virgin Islands Code
  3. Insurance
  4. Life Insurance and Annuities
  5. Standard Nonforfeiture Law of 2018 for Life Insurance

Checkout our iOS App for a better way to browser and research.

Section
991

Short title

Section
992

Definitions

Section
993

Applicability of prior law

Section
994

Nonforfeiture benefits

Section
995

Computation of cash surrender value

Section
996

Computation of paid-up nonforfeiture benefits

Section
997

Calculations of adjusted premiums by the nonforfeiture net level premium method

Section
998

Nonforfeiture benefits for indeterminate premium plans

Section
999

Proration of values; net value of paid-up additions

Section
1000

Consistency of progression of cash surrender values with increasing policy duration

Section
1000a

Exceptions

Section
1000b

Approval by Commissioner