Virginia Code 38.2-1427.3: Investment authority; subsidiary corporations
Current as of: 2023 | Check for updates
|
Other versions
A domestic insurer may invest in common stock, preferred stock, debt obligations, and other securities of a subsidiary.
Terms Used In Virginia Code 38.2-1427.3
- Date of investment: means the date on which funds are disbursed for an investment. See Virginia Code 38.2-1401
- Insurer: means a company licensed pursuant to Chapter 10 (§ 38. See Virginia Code 38.2-1401
For investments in subsidiary corporations made prior to July 1, 1995, July 1, 1995, may be deemed the date of investment.
1992, c. 588; 1993, c. 47; 1995, c. 60.