Skip Navigation Links IRMI Online > Glossary of Insurance & Risk Management Terms > Terms > G > Guertin laws
Warning! You are currently not signed in. Any products you have purchased will not be displayed until you Sign In

Guertin laws

The nonforfeiture laws in life insurance that have been standard in all states since 1948. These laws require that a paid-up nonforfeiture benefit (e.g., paid-up term life insurance) be provided for every whole life policy that lapses because of nonpayment of premium. These laws also require that a cash surrender value be provided if the policy has been in force 3 years or more.

Navigation

Social Media