CODE OF VIRGINIA

AUTHORITY TO INVEST; CLASSIFICATION OF INVESTMENTS BY CATEGORY (§ 38.2-1402)

A. A domestic insurer may invest its funds and assets in accordance with this
chapter. All investments of a domestic insurer shall be classified as (i)
Category 1 investments, (ii) Category 2 investments, or (iii) prohibited
investments.

B. The Commission, upon application by an insurer, may classify any investments
made or proposed to be made and not otherwise specifically classified in
Articles 1 (§ 38.2-1400 et seq.) and 2 (§ 38.2-1412 et seq.) of this chapter
as a Category 1 investment.

HISTORY: 1983, c. 457, § 38.1-217.3; 1986, c. 562.