38.2-3334 - Death after termination of group insurance and before issuance of individual policy. - Virginia Statutes

§ 38.2-3334. Death after termination of group insurance and before issuanceof individual policy.

Each group life insurance policy shall contain a provision that if a personinsured under the group policy dies during the period within which he isentitled to have an individual policy issued to him in accordance with §38.2-3332 or § 38.2-3333 and before the individual policy has becomeeffective, the amount of life insurance that he would have been entitled tohave issued to him under an individual policy shall be payable as a claimunder the group policy, whether or not application for the individual policyor the payment of the first premium was made.

(1960, c. 273, § 38.1-428.3; 1986, c. 562.)