{"law_id":"772620","section_number":"38.2-1411.1","catch_line":"Investment limits generally","history":"1991, c. 283; 1992, c. 588.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/38.2-1411.1\/","refers_to":false,"url":"\/38.2-1411.1\/","token":"38.2\/14\/1\/38.2-1411.1","structure":{"1":{"id":"1200","name":"General Provisions","identifier":"1","label":"article","url":"\/38.2\/14\/1\/"},"2":{"id":"1199","name":"Investments","identifier":"14","label":"chapter","url":"\/38.2\/14\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"referred_to_by":false,"edition_id":"11","section_id":"772620","structure_id":"1200","full_text":"A Any securities described in 15 U.S.C. \u00a7 77r-1 shall be subject to all the limitations prescribed by this chapter for investments not guaranteed by the full faith and credit of the United States.  However, upon prior written application by an insurer, the Commission may, until July 1, 1992, at its discretion, allow such insurer to increase its investments in \u00a7 77r-1 securities to an amount not to exceed ten percent of the insurer’s total admitted assets.\r\rB On and after July 1, 1992, investments made in any securities described in 15 U.S.C. \u00a7 77r-1 shall be subject to the percentage limitations and requirements set forth in this chapter.\r\r","text":{"0":{"id":"2490620","text":"Any securities described in 15 U.S.C. \u00a7 77r-1 shall be subject to all the limitations prescribed by this chapter for investments not guaranteed by the full faith and credit of the United States.  However, upon prior written application by an insurer, the Commission may, until July 1, 1992, at its discretion, allow such insurer to increase its investments in \u00a7 77r-1 securities to an amount not to exceed ten percent of the insurer’s total admitted assets.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1},"1":{"id":"2490621","text":"On and after July 1, 1992, investments made in any securities described in 15 U.S.C. \u00a7 77r-1 shall be subject to the percentage limitations and requirements set forth in this chapter.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1}},"ancestry":{"1":{"id":"1200","name":"General Provisions","identifier":"1","label":"article","url":"\/38.2\/14\/1\/"},"2":{"id":"1199","name":"Investments","identifier":"14","label":"chapter","url":"\/38.2\/14\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"structure_contents":{"0":{"id":"776742","structure_id":"1200","section_number":"38.2-1400","catch_line":"Scope and purpose of chapter","url":"\/38.2-1400\/","token":"38.2\/14\/1\/38.2-1400"},"1":{"id":"780969","structure_id":"1200","section_number":"38.2-1401","catch_line":"Definitions","url":"\/38.2-1401\/","token":"38.2\/14\/1\/38.2-1401"},"2":{"id":"775944","structure_id":"1200","section_number":"38.2-1402","catch_line":"Authority to invest; classification of investments by category","url":"\/38.2-1402\/","token":"38.2\/14\/1\/38.2-1402"},"3":{"id":"784226","structure_id":"1200","section_number":"38.2-1403","catch_line":"Category 2 investments limits","url":"\/38.2-1403\/","token":"38.2\/14\/1\/38.2-1403"},"4":{"id":"782085","structure_id":"1200","section_number":"38.2-1404","catch_line":"Classification of existing investments","url":"\/38.2-1404\/","token":"38.2\/14\/1\/38.2-1404"},"5":{"id":"779331","structure_id":"1200","section_number":"38.2-1405","catch_line":"Dates of determination","url":"\/38.2-1405\/","token":"38.2\/14\/1\/38.2-1405"},"6":{"id":"793146","structure_id":"1200","section_number":"38.2-1406","catch_line":"Investment conversions","url":"\/38.2-1406\/","token":"38.2\/14\/1\/38.2-1406"},"7":{"id":"795784","structure_id":"1200","section_number":"38.2-1407","catch_line":"Prohibited investments","url":"\/38.2-1407\/","token":"38.2\/14\/1\/38.2-1407"},"8":{"id":"789481","structure_id":"1200","section_number":"38.2-1408","catch_line":"Authorization of investments","url":"\/38.2-1408\/","token":"38.2\/14\/1\/38.2-1408"},"9":{"id":"766066","structure_id":"1200","section_number":"38.2-1409","catch_line":"Powers with respect to property","url":"\/38.2-1409\/","token":"38.2\/14\/1\/38.2-1409"},"10":{"id":"783204","structure_id":"1200","section_number":"38.2-1410","catch_line":"Items not deemed to be prior liens or encumbrances","url":"\/38.2-1410\/","token":"38.2\/14\/1\/38.2-1410"},"11":{"id":"785290","structure_id":"1200","section_number":"38.2-1411","catch_line":"Repealed","url":"\/38.2-1411\/","token":"38.2\/14\/1\/38.2-1411"},"12":{"id":"772620","structure_id":"1200","section_number":"38.2-1411.1","catch_line":"Investment limits generally","url":"\/38.2-1411.1\/","token":"38.2\/14\/1\/38.2-1411.1"},"13":{"id":"769108","structure_id":"1200","section_number":"38.2-1411.2","catch_line":"Investment limits in medium grade and lower grade obligations","url":"\/38.2-1411.2\/","token":"38.2\/14\/1\/38.2-1411.2"}},"previous_section":{"id":"785290","structure_id":"1200","section_number":"38.2-1411","catch_line":"Repealed","url":"\/38.2-1411\/","token":"38.2\/14\/1\/38.2-1411"},"next_section":{"id":"769108","structure_id":"1200","section_number":"38.2-1411.2","catch_line":"Investment limits in medium grade and lower grade obligations","url":"\/38.2-1411.2\/","token":"38.2\/14\/1\/38.2-1411.2"},"references":false,"formats":{"txt":"\/38.2-1411.1.txt","json":"\/38.2-1411.1.json","xml":"\/38.2-1411.1.xml"},"dublin_core":{"Title":"Investment limits generally","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1411.1","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nINVESTMENT LIMITS GENERALLY (\u00a7 38.2-1411.1)\n\nA. Any securities described in 15 U.S.C. \u00a7 77r-1 shall be subject to all the\nlimitations prescribed by this chapter for investments not guaranteed by the\nfull faith and credit of the United States.  However, upon prior written\napplication by an insurer, the Commission may, until July 1, 1992, at its\ndiscretion, allow such insurer to increase its investments in \u00a7 77r-1\nsecurities to an amount not to exceed ten percent of the insurer’s total\nadmitted assets.\n\nB. On and after July 1, 1992, investments made in any securities described in 15\nU.S.C. \u00a7 77r-1 shall be subject to the percentage limitations and requirements\nset forth in this chapter.\n\nHISTORY: 1991, c. 283; 1992, c. 588."}