§ 38.2-1427.3 Investment authority; subsidiary corporations
A domestic insurer may invest in common stock, preferred stock, debt obligations, and other securities of a subsidiary. For investments in subsidiary corporations made prior to July 1, 1995, July 1, 1995, may be deemed the date of investment.
History
This law was first created in 1992. The record of its establishment is cataloged in chapter 588 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1992 “Acts” aren’t available online. It has been modified 2 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1993, chapter 47; in 1995, chapter 60.
1992, c. 588; 1993, c. 47; 1995, c. 60.