CODE OF VIRGINIA

DATES OF DETERMINATION (§ 38.2-1405)

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.

HISTORY: 1983, c. 457, § 38.1-217.6; 1986, c. 562; 1992, c. 588.