§ 38.2-1430. Collateral loans
A domestic insurer may make loans secured by securities eligible for investment under this article. At the date of investment, the loan shall not exceed eighty percent of the market value of the collateral pledged. However, if the collateral consists of obligations issued, assumed or guaranteed by the United States, the loan may equal the market value of the collateral pledged.
(1983, c. 457, § 38.1-217.33; 1986, c. 562.)
Sections: Previous 38.2-1426 38.2-1427 38.2-1427.1 38.2-1427.2 38.2-1427.3 38.2-1428 38.2-1429 38.2-1430 38.2-1431 38.2-1432 38.2-1433 38.2-1434 38.2-1435 38.2-1436 38.2-1437 NextLast modified: April 3, 2009