{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1411.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1411.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1411.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1411.1.html"}],"law_id":60703,"edition_id":1,"section_id":60703,"structure_id":13283,"section_number":"38.2-1411.1","catch_line":"Investment limits generally","history":"1991, c. 283; 1992, c. 588.","full_text":"A\n\nAny securities described in 15 U.S.C. &#xA7; 77r-1 shall be subject to all the limitations prescribed by this chapter for investments not guaranteed by the full faith and credit of the United States. However, upon prior written application by an insurer, the Commission may, until July 1, 1992, at its discretion, allow such insurer to increase its investments in &#xA7; 77r-1 securities to an amount not to exceed ten percent of the insurer&#8217;s total admitted assets.B\n\nOn and after July 1, 1992, investments made in any securities described in 15 U.S.C. &#xA7; 77r-1 shall be subject to the percentage limitations and requirements set forth in this chapter.","order_by":null,"text":{"0":{"id":221901,"text":"Any securities described in 15 U.S.C. &#xA7; 77r-1 shall be subject to all the limitations prescribed by this chapter for investments not guaranteed by the full faith and credit of the United States. However, upon prior written application by an insurer, the Commission may, until July 1, 1992, at its discretion, allow such insurer to increase its investments in &#xA7; 77r-1 securities to an amount not to exceed ten percent of the insurer&#8217;s total admitted assets.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":221902,"text":"On and after July 1, 1992, investments made in any securities described in 15 U.S.C. &#xA7; 77r-1 shall be subject to the percentage limitations and requirements set forth in this chapter.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1411.1\/","history_text":"<p>This law was first created in 1991. The record of its establishment is cataloged in chapter 283 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 1991 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. 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. That modification is as follows: in 1992, chapter 588.<\/p>","references":false,"refers_to":false,"permalink":{"id":211939,"object_type":"law","relational_id":60703,"identifier":"38.2-1411.1","token":"38.2\/14\/1\/38.2-1411.1","url":"\/38.2-1411.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1411.1\/","token":"38.2\/14\/1\/38.2-1411.1","dublin_core":{"Title":"Investment limits generally","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1411.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> Any securities described in 15 U.S.C. &#xA7; 77r-1 shall be subject to all the limitations prescribed by this chapter for investments not guaranteed by the full faith and credit of the United <span class=\"dictionary\">States<\/span>. However, upon prior written application by an <span class=\"dictionary\">insurer<\/span>, the <span class=\"dictionary\">Commission<\/span> may, until July 1, 1992, at its discretion, allow such <span class=\"dictionary\">insurer<\/span> to increase its investments in &#xA7; 77r-1 securities to an amount not to exceed ten percent of the <span class=\"dictionary\">insurer<\/span>&#8217;s total admitted <span class=\"dictionary\">assets<\/span>. <a id=\"paragraph-221901\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/38.2-1411.1\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> On and after July 1, 1992, investments made in any securities described in 15 U.S.C. &#xA7; 77r-1 shall be subject to the percentage limitations and requirements set forth in this chapter. <a id=\"paragraph-221902\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/38.2-1411.1\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nINVESTMENT LIMITS GENERALLY (\u00a7 38.2-1411.1)\n\nA. Any securities described in 15 U.S.C. &#xA7; 77r-1 shall be subject to all\nthe limitations prescribed by this chapter for investments not guaranteed by the\nfull faith and credit of the United States. However, upon prior written\napplication by an insurer, the Commission may, until July 1, 1992, at its\ndiscretion, allow such insurer to increase its investments in &#xA7; 77r-1\nsecurities to an amount not to exceed ten percent of the insurer&#8217;s total\nadmitted assets.\n\nB. On and after July 1, 1992, investments made in any securities described in 15\nU.S.C. &#xA7; 77r-1 shall be subject to the percentage limitations and\nrequirements set forth in this chapter.\n\nHISTORY: 1991, c. 283; 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}}