§ 38.2-1411.1. Investment limits generally
A. Any securities described in 15 U.S.C. § 77r-1 shall be subject to all the limitations prescribed by this chapter for investments not guaranteed by the full faith and credit of the United States. However, upon prior written application by an insurer, the Commission may, until July 1, 1992, at its discretion, allow such insurer to increase its investments in § 77r-1 securities to an amount not to exceed ten percent of the insurer's total admitted assets.
B. On and after July 1, 1992, investments made in any securities described in 15 U.S.C. § 77r-1 shall be subject to the percentage limitations and requirements set forth in this chapter.
(1991, c. 283; 1992, c. 588.)
Sections: Previous 38.2-1405 38.2-1406 38.2-1407 38.2-1408 38.2-1409 38.2-1410 38.2-1411 38.2-1411.1 38.2-1411.2 38.2-1412 38.2-1413 38.2-1414 38.2-1415 38.2-1416 38.2-1417 NextLast modified: April 3, 2009