Category 1 Investments

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Article 2 of the Code of Virginia, titled “Category 1 Investments.” It is part of Chapter 14 “Investments”, which is part of Title 38.2 “Insurance”. It contains 35 laws.

It’s comprised of the following 35 sections.

§ 38.2-1412	Scope of article
§ 38.2-1413	Investment limits for one obligor, one issue or one loan
§ 38.2-1414	Limits by type of investment
§ 38.2-1415	Obligations of domestic governmental entities
§ 38.2-1416	Canadian governmental obligations
§ 38.2-1417	Canadian corporate obligations
§ 38.2-1418	Obligations of certain international agencies
§ 38.2-1419	Railroad terminal and other securities
§ 38.2-1420	Transportation equipment trust certificates
§ 38.2-1421	Business entity obligations
§ 38.2-1422	Obligations secured by certain leases
§ 38.2-1423	Preferred stocks
§ 38.2-1424	Guaranteed stocks
§ 38.2-1425	Common stock of banks or trust companies
§ 38.2-1426	Application of earnings tests
§ 38.2-1427	Common stock; covered call options
§ 38.2-1427.1	Limited partnerships
§ 38.2-1427.2	Investment company shares and units of beneficial interest
§ 38.2-1427.3	Investment authority; subsidiary corporations
§ 38.2-1428	Derivative instruments
§ 38.2-1429	Lending of securities
§ 38.2-1430	Collateral loans
§ 38.2-1431	Policy loans
§ 38.2-1432	Savings, certificates, etc
§ 38.2-1433	Foreign securities
§ 38.2-1434	Mortgage loans
§ 38.2-1435	Second mortgages; wrap-around mortgages
§ 38.2-1436	Mortgage participations
§ 38.2-1437	Limitations on mortgages
§ 38.2-1437.1	Mortgage pass-through securities
§ 38.2-1438	Renewals and extensions when value of property decreases
§ 38.2-1439	Chattel mortgages
§ 38.2-1440	Investment in personal property
§ 38.2-1441	Real estate
§ 38.2-1442	Guaranty association obligations