{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1405.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1405.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1405.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1405.html"}],"law_id":80503,"edition_id":1,"section_id":80503,"structure_id":13283,"section_number":"38.2-1405","catch_line":"Dates of determination","history":"1983, c. 457, \u00a7 38.1-217.6; 1986, c. 562; 1992, c. 588.","full_text":"A\n\nThe classification by investment category of each investment, based on type of investment as set forth in §§ 38.2-1415 through 38.2-1442, inclusive, shall be determined as of the date of investment.B\n\nIn applying any percentage limitations based on the insurer’s total admitted assets or surplus to policyholders, there shall be used as a base, without regard to percentage limitations, those assets or surplus to policyholders as shown by the insurer’s most recent annual or quarterly statement on file with the Commission pursuant to §§ 38.2-1300 and 38.2-1301.","order_by":null,"text":{"0":{"id":288390,"text":"The classification by investment category of each investment, based on type of investment as set forth in §§ 38.2-1415 through 38.2-1442, inclusive, shall be determined as of the date of investment.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":288391,"text":"In applying any percentage limitations based on the insurer’s total admitted assets or surplus to policyholders, there shall be used as a base, without regard to percentage limitations, those assets or surplus to policyholders as shown by the insurer’s most recent annual or quarterly statement on file with the Commission pursuant to §§ 38.2-1300 and 38.2-1301.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":13283,"edition_id":1,"name":"General Provisions","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":13282,"metadata":{},"date_created":"2026-06-26 03:44:34","date_modified":"2026-06-26 03:44:34","permalink":{"id":211889,"object_type":"structure","relational_id":13283,"identifier":"1","token":"38.2\/14\/1","url":"\/38.2\/14\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13282,"edition_id":1,"name":"Investments","identifier":"14","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:44:34","date_modified":"2026-06-26 03:44:34","permalink":{"id":211887,"object_type":"structure","relational_id":13282,"identifier":"14","token":"38.2\/14","url":"\/38.2\/14\/","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":64362,"structure_id":13283,"section_number":"38.2-1400","catch_line":"Scope and purpose of chapter","url":"\/38.2-1400\/","token":"38.2\/14\/1\/38.2-1400","metadata":false},{"id":57145,"structure_id":13283,"section_number":"38.2-1401","catch_line":"Definitions","url":"\/38.2-1401\/","token":"38.2\/14\/1\/38.2-1401","metadata":false},{"id":58035,"structure_id":13283,"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","metadata":false},{"id":85308,"structure_id":13283,"section_number":"38.2-1403","catch_line":"Category 2 investments limits","url":"\/38.2-1403\/","token":"38.2\/14\/1\/38.2-1403","metadata":false},{"id":71387,"structure_id":13283,"section_number":"38.2-1404","catch_line":"Classification of existing investments","url":"\/38.2-1404\/","token":"38.2\/14\/1\/38.2-1404","metadata":false},{"id":80503,"structure_id":13283,"section_number":"38.2-1405","catch_line":"Dates of determination","url":"\/38.2-1405\/","token":"38.2\/14\/1\/38.2-1405","metadata":false},{"id":72007,"structure_id":13283,"section_number":"38.2-1406","catch_line":"Investment conversions","url":"\/38.2-1406\/","token":"38.2\/14\/1\/38.2-1406","metadata":false},{"id":87237,"structure_id":13283,"section_number":"38.2-1407","catch_line":"Prohibited investments","url":"\/38.2-1407\/","token":"38.2\/14\/1\/38.2-1407","metadata":false},{"id":68250,"structure_id":13283,"section_number":"38.2-1408","catch_line":"Authorization of investments","url":"\/38.2-1408\/","token":"38.2\/14\/1\/38.2-1408","metadata":false},{"id":63266,"structure_id":13283,"section_number":"38.2-1409","catch_line":"Powers with respect to property","url":"\/38.2-1409\/","token":"38.2\/14\/1\/38.2-1409","metadata":false},{"id":54275,"structure_id":13283,"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","metadata":false},{"id":64344,"structure_id":13283,"section_number":"38.2-1411","catch_line":"Repealed","url":"\/38.2-1411\/","token":"38.2\/14\/1\/38.2-1411","metadata":false},{"id":60703,"structure_id":13283,"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","metadata":false},{"id":82699,"structure_id":13283,"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","metadata":false}],"previous_section":{"id":71387,"structure_id":13283,"section_number":"38.2-1404","catch_line":"Classification of existing investments","url":"\/38.2-1404\/","token":"38.2\/14\/1\/38.2-1404","metadata":false},"next_section":{"id":72007,"structure_id":13283,"section_number":"38.2-1406","catch_line":"Investment conversions","url":"\/38.2-1406\/","token":"38.2\/14\/1\/38.2-1406","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1405\/","history_text":"

This law was first created in 1983. The record of its establishment is cataloged in chapter 457 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. Unfortunately, the 1983 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1986, chapter 562; in 1992, chapter 588.<\/p>","references":false,"refers_to":[{"id":81115,"section_number":"38.2-1300","catch_line":"Annual statements","order_by":null,"url":"\/38.2-1300\/"},{"id":85708,"section_number":"38.2-1301","catch_line":"Additional reports","order_by":null,"url":"\/38.2-1301\/"},{"id":84933,"section_number":"38.2-1415","catch_line":"Obligations of domestic governmental entities","order_by":null,"url":"\/38.2-1415\/"},{"id":58210,"section_number":"38.2-1442","catch_line":"Guaranty association obligations","order_by":null,"url":"\/38.2-1442\/"}],"permalink":{"id":211911,"object_type":"law","relational_id":80503,"identifier":"38.2-1405","token":"38.2\/14\/1\/38.2-1405","url":"\/38.2-1405\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1405\/","token":"38.2\/14\/1\/38.2-1405","dublin_core":{"Title":"Dates of determination","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1405","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The classification by investment category of each investment, based on type of investment as set forth in §§ 38.2-1415<\/a> through 38.2-1442<\/a>, inclusive, shall be determined as of the date of investment<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> In applying any percentage limitations based on the insurer<\/span>’s total admitted assets<\/span> or surplus to policyholders<\/span>, there shall be used as a base, without regard to percentage limitations, those assets<\/span> or surplus to policyholders<\/span> as shown by the insurer<\/span>’s most recent annual or quarterly statement on file with the Commission<\/span> pursuant to §§ 38.2-1300<\/a> and 38.2-1301<\/a>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDATES OF DETERMINATION (\u00a7 38.2-1405)\n\nA. The classification by investment category of each investment, based on type\nof investment as set forth in §§ 38.2-1415 through 38.2-1442,\ninclusive, shall be determined as of the date of investment.\n\nB. In applying any percentage limitations based on the insurer’s total\nadmitted assets or surplus to policyholders, there shall be used as a base,\nwithout regard to percentage limitations, those assets or surplus to\npolicyholders as shown by the insurer’s most recent annual or quarterly\nstatement on file with the Commission pursuant to §§ 38.2-1300 and\n38.2-1301.\n\nHISTORY: 1983, c. 457, \u00a7 38.1-217.6; 1986, c. 562; 1992, c. 588.","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}}