§ 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 NextLast modified: April 16, 2009