38.2-3340 - Definition of industrial life insurance.
§ 38.2-3340. Definition of industrial life insurance.
"Industrial life insurance" means life insurance provided by an individualinsurance contract (i) under which premiums are payable monthly or morefrequently, and (ii) with the words "industrial policy" printed upon thepolicy as a part of the descriptive matter.
(Code 1950, § 38-433; 1952, c. 317, § 38.1-482; 1986, c. 562.)