CODE OF VIRGINIA

COLLATERAL LOANS (§ 38.2-1430)

A domestic insurer may make loans secured by securities eligible for investment
under this article.  At the date of investment, the loan shall not exceed eighty
percent of the market value of the collateral pledged. However, if the
collateral consists of obligations issued, assumed or guaranteed by the United
States, the loan may equal the market value of the collateral pledged.

HISTORY: 1983, c. 457, § 38.1-217.33; 1986, c. 562.