Chap. 251.—An ACT to amend and re-enact section 4228 of the Code of Virginia,
as last amended by an act approved March 18, 1926, in relation to the defenses
of suicide and death by execution in actions on life insurance policies, and
providing when such policies shall become incontestable, and as to certain ex-
ceptions. | [S B 25]

. Approved March 23, 1932 |

1. Be it enacted by the general assembly of Virginia, That section
forty-two hundred and twenty-eight of the Code of Virginia, as last
amended by an act approved March eighteenth, nineteen hundred and
twenty-six, be amended and re-enacted so as to read as follows: |

Section 4228. Defenses of suicide and death by legal execution in
actions on life insurance policies; when policies incontestable; excep-
tions.—In any action, motion or other proceeding on a policy of life
insurance hereafter issued to any person residing in this State at the
time of issuance thereof, or which is otherwise subject to the laws of
this State, to recover for the death of such person, it shall be no defense
that the insured committed suicide, or was put to death by execution
under the law; provided, however, that if there shall be an express
provision in the body of such policy limiting the liability of the insurer
in the event that the insured shall, within two years from the date there-
of, die by his own act (whether sane or insane), such provision shall
be valid but the insurer shall be obligated to return, or pay, at the least,
the amount of the premiums paid on account of such policy. Nor shall
such policy be contestable for any cause after it shall have been in
force during the lifetime of the insured for one year from its date,
except for nonpayment of premiums and except for violation of the
conditions of such policy requiring the payment of additional premium
in the event of naval or military service in time of war; provided,
_ however, that in the event of a misstatement of age, the amount to be
paid by the insurer shall be the amount of insurance which the premium
paid would have purchased at the true age of the insured.