CODE OF VIRGINIA

INVESTMENT OF AMOUNTS ALLOCATED TO SEPARATE ACCOUNTS FOR VARIABLE LIFE INSURANCE
AND VARIABLE ANNUITIES (§ 38.2-1443)

The amounts allocated to separate accounts for variable life insurance and
variable annuities, pursuant to the provisions of § 38.2-3113, and
accumulations on them, may be invested and reinvested by a domestic insurer in
any type of Category 1 investment.  Any percentage limitations based on the
insurer’s total admitted assets or surplus to policyholders shall not
apply to investments made pursuant to this section.

HISTORY: 1983, c. 457, § 38.1-217.45; 1986, c. 562; 1992, c. 588.