Code of Virginia - Title 38.2 Insurance - Section 38.2-1443.1 Investment of amounts allocated to separate accounts for modified guaranteed life insurance, modifi...

§ 38.2-1443.1. Investment of amounts allocated to separate accounts for modified guaranteed life insurance, modifi...

A. Unless otherwise provided by regulation, the amounts allocated to separate accounts for modified guaranteed life insurance and modified guaranteed annuities pursuant to the provisions of § 38.2-3113.1, and for funding agreements pursuant to the provisions of § 38.2-3100.2, and accumulations on them, may be invested and reinvested by a domestic insurer in any type of Category 1 investment.

B. Investments made pursuant to this section shall be taken into account in applying the investment limitations of §§ 38.2-1413 and 38.2-1414 to investments made by the insurer, by combining the investments under this section with all other investments subject to such limitations. In addition to the general account meeting these investment limitations, both the separate account and the general account together shall meet these investment limitations. The limitations of §§ 38.2-1413 and 38.2-1414 shall not otherwise apply to investments made pursuant to this section.

(1992, c. 210; 2008, c. 216.)

Sections:  Previous  38.2-1435  38.2-1436  38.2-1437  38.2-1437.1  38.2-1438  38.2-1439  38.2-1440  38.2-1441  38.2-1442  38.2-1443  38.2-1443.1  38.2-1444  38.2-1445  38.2-1446  38.2-1447  Next

Last modified: April 16, 2009