{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1306.3.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1306.3.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1306.3.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1306.3.html"}],"law_id":79926,"edition_id":1,"section_id":79926,"structure_id":13323,"section_number":"38.2-1306.3","catch_line":"Nonadmitted assets","history":"2000, c. 46.","full_text":"A\n\n“Nonadmitted assets” or “not admitted assets” means those assets identified and reported as nonadmitted assets by or in accordance with the National Association of Insurance Commissioners (NAIC) accounting practices and procedures manuals, and any other asset or category of assets identified as nonadmitted in this title or which the Commission by rule or regulation identifies as an asset which shall be reported as a nonadmitted asset.B\n\nGoodwill, if admitted, may be admitted on or after January 1, 2001, subject to the guidance in the NAIC accounting practices and procedures manuals.","order_by":null,"text":{"0":{"id":286255,"text":"“Nonadmitted assets” or “not admitted assets” means those assets identified and reported as nonadmitted assets by or in accordance with the National Association of Insurance Commissioners (NAIC) accounting practices and procedures manuals, and any other asset or category of assets identified as nonadmitted in this title or which the Commission by rule or regulation identifies as an asset which shall be reported as a nonadmitted asset.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":286256,"text":"Goodwill, if admitted, may be admitted on or after January 1, 2001, subject to the guidance in the NAIC accounting practices and procedures manuals.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":13323,"edition_id":1,"name":"Valuation and Admissibility of Assets","identifier":"2","label":"article","depth":3,"order_by":1,"parent_id":13289,"metadata":{},"date_created":"2026-06-26 03:44:38","date_modified":"2026-06-26 03:44:38","permalink":{"id":211473,"object_type":"structure","relational_id":13323,"identifier":"2","token":"38.2\/13\/2","url":"\/38.2\/13\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13289,"edition_id":1,"name":"Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents","identifier":"13","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:44:35","date_modified":"2026-06-26 03:44:35","permalink":{"id":211347,"object_type":"structure","relational_id":13289,"identifier":"13","token":"38.2\/13","url":"\/38.2\/13\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":60506,"structure_id":13323,"section_number":"38.2-1306.2","catch_line":"Valuation of investments and other assets","url":"\/38.2-1306.2\/","token":"38.2\/13\/2\/38.2-1306.2","metadata":false},{"id":79926,"structure_id":13323,"section_number":"38.2-1306.3","catch_line":"Nonadmitted assets","url":"\/38.2-1306.3\/","token":"38.2\/13\/2\/38.2-1306.3","metadata":false},{"id":60054,"structure_id":13323,"section_number":"38.2-1307","catch_line":"Repealed","url":"\/38.2-1307\/","token":"38.2\/13\/2\/38.2-1307","metadata":false},{"id":83741,"structure_id":13323,"section_number":"38.2-1310","catch_line":"Repealed","url":"\/38.2-1310\/","token":"38.2\/13\/2\/38.2-1310","metadata":false},{"id":54309,"structure_id":13323,"section_number":"38.2-1310.1","catch_line":"Repealed","url":"\/38.2-1310.1\/","token":"38.2\/13\/2\/38.2-1310.1","metadata":false}],"previous_section":{"id":60506,"structure_id":13323,"section_number":"38.2-1306.2","catch_line":"Valuation of investments and other assets","url":"\/38.2-1306.2\/","token":"38.2\/13\/2\/38.2-1306.2","metadata":false},"next_section":{"id":60054,"structure_id":13323,"section_number":"38.2-1307","catch_line":"Repealed","url":"\/38.2-1307\/","token":"38.2\/13\/2\/38.2-1307","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1306.3\/","history_text":"

This law was first created in 2000. The record of its establishment is cataloged in chapter 46<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":60506,"section_number":"38.2-1306.2","catch_line":"Valuation of investments and other assets","order_by":null,"url":"\/38.2-1306.2\/"}],"refers_to":false,"permalink":{"id":211479,"object_type":"law","relational_id":79926,"identifier":"38.2-1306.3","token":"38.2\/13\/2\/38.2-1306.3","url":"\/38.2-1306.3\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1306.3\/","token":"38.2\/13\/2\/38.2-1306.3","dublin_core":{"Title":"Nonadmitted assets","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1306.3","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> “Nonadmitted assets<\/span>” or “not admitted assets<\/span>” means those assets identified and reported as nonadmitted assets<\/span> by or in accordance with the National Association of Insurance<\/span> Commissioners<\/span> (NAIC) accounting practices and procedures manuals, and any other asset or category of assets identified as nonadmitted in this title or which the Commission<\/span> by rule or regulation identifies as an asset which shall be reported as a nonadmitted asset. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Goodwill, if admitted, may be admitted on or after January 1, 2001, subject to the guidance in the NAIC accounting practices and procedures manuals. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nNONADMITTED ASSETS (\u00a7 38.2-1306.3)\n\nA. “Nonadmitted assets” or “not admitted assets” means\nthose assets identified and reported as nonadmitted assets by or in accordance\nwith the National Association of Insurance Commissioners (NAIC) accounting\npractices and procedures manuals, and any other asset or category of assets\nidentified as nonadmitted in this title or which the Commission by rule or\nregulation identifies as an asset which shall be reported as a nonadmitted\nasset.\n\nB. Goodwill, if admitted, may be admitted on or after January 1, 2001, subject\nto the guidance in the NAIC accounting practices and procedures manuals.\n\nHISTORY: 2000, c. 46.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}