Code of Virginia § 38.2-1405. Dates of determination.
102 words·~1 min read·
/va/title-38-2/chapter-14/38-2-1405A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. The classification by investment category of each investment, based on type of investment as set forth in §§ 38.2-1415 through 38.2-1442 , inclusive, shall be determined as of the date of investment.
B. In applying any percentage limitations based on the insurer's total admitted assets or surplus to policyholders, there shall be used as a base, without regard to percentage limitations, those assets or surplus to policyholders as shown by the insurer's most recent annual or quarterly statement on file with the Commission pursuant to §§ 38.2-1300 and 38.2-1301 .
1983, c. 457, § 38.1-217.6; 1986, c. 562; 1992, c. 588.