{"data":{"id":"us-va/va.-code-38.2-3218","jurisdiction":"us-va","citation":"Va. Code § 38.2-3218","heading":"Same; in policies subsequently issued","body":"For policies issued on or after the operative date stated in § 38.2-3214, the loan value referred to in former § 38.1-397 or § 38.2-3308, whichever applies, shall be the cash surrender value at the end of the current policy year required by § 38.2-3202. The insurer shall have the right to defer for up to six months after application for the loan is made a loan on the policy, except when made to pay premiums to the insurer.Code 1950, § 38-385; 1952, c. 317, § 38.1-470; 1986, c. 562.","path":["Title 38.2. INSURANCE","Chapter 32. STANDARD NONFORFEITURE PROVISIONS FOR LIFE INSURANCE"],"source_url":"https://law.lis.virginia.gov/vacode/38.2-3218/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:16:05Z","sha256":"3752d24dce6d208d4801cfb7eef72ad39f4c701db5db894937b19ff12b509083","source_id":"us-va","stale":true,"prev":"us-va/va.-code-38.2-3217","next":"us-va/va.-code-38.2-3219"},"notice":"GroundRules: Original legal text. Not legal advice."}