§ 38.2-1424. Guaranteed stocks
A domestic insurer may invest in stocks guaranteed by a solvent company incorporated under the laws of the United States or of any state if for the past three years the guarantor's net earnings available for meeting fixed charges is at least 1 1/4 times the sum of (i) the fixed charges of the guarantor and (ii) the dividends on the guaranteed stock.
(1983, c. 457, § 38.1-217.27; 1986, c. 562.)
Sections: Previous 38.2-1417 38.2-1418 38.2-1419 38.2-1420 38.2-1421 38.2-1422 38.2-1423 38.2-1424 38.2-1425 38.2-1426 38.2-1427 38.2-1427.1 38.2-1427.2 38.2-1427.3 38.2-1428 NextLast modified: April 3, 2009