CODE OF VIRGINIA

SCOPE AND PURPOSE OF CHAPTER (§ 38.2-1400)

This chapter applies to and regulates the investments of all domestic insurers
as defined in this chapter.  Upon petition to, and approval by, the Commission,
any one or more provisions of this chapter shall not apply to a domestic insurer
in receivership in this Commonwealth pursuant to Chapter 15 (§ 38.2-1500 et
seq.) of this title.  A foreign or alien insurer may invest its funds and assets
in any investments that are permitted by the laws of its state or country of
domicile and are of the same general character and quality as those authorized
under this chapter.  A foreign or alien insurer whose domiciliary jurisdiction
does not regulate the investments of its insurers shall be subject to the
provisions of this chapter.

HISTORY: 1983, c. 457, § 38.1-217.1; 1986, c. 562; 1990, c. 893; 1992, c. 588;
1993, c. 55.