{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1443.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1443.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1443.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1443.1.html"}],"law_id":63632,"edition_id":1,"section_id":63632,"structure_id":14211,"section_number":"38.2-1443.1","catch_line":"Investment of amounts allocated to separate accounts for modified guaranteed life insurance, modified guaranteed annuities, and funding agreements","history":"1992, c. 210; 2008, c. 216.","full_text":"A\n\nUnless otherwise provided by regulation, the amounts allocated to separate accounts for modified guaranteed life insurance and modified guaranteed annuities pursuant to the provisions of § 38.2-3113.1, and for funding agreements pursuant to the provisions of § 38.2-3100.2, and accumulations on them, may be invested and reinvested by a domestic insurer in any type of Category 1 investment.B\n\nInvestments made pursuant to this section shall be taken into account in applying the investment limitations of §§ 38.2-1413 and 38.2-1414 to investments made by the insurer, by combining the investments under this section with all other investments subject to such limitations. In addition to the general account meeting these investment limitations, both the separate account and the general account together shall meet these investment limitations. The limitations of §§ 38.2-1413 and 38.2-1414 shall not otherwise apply to investments made pursuant to this section.","order_by":null,"text":{"0":{"id":231813,"text":"Unless otherwise provided by regulation, the amounts allocated to separate accounts for modified guaranteed life insurance and modified guaranteed annuities pursuant to the provisions of § 38.2-3113.1, and for funding agreements pursuant to the provisions of § 38.2-3100.2, and accumulations on them, may be invested and reinvested by a domestic insurer in any type of Category 1 investment.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":231814,"text":"Investments made pursuant to this section shall be taken into account in applying the investment limitations of §§ 38.2-1413 and 38.2-1414 to investments made by the insurer, by combining the investments under this section with all other investments subject to such limitations. In addition to the general account meeting these investment limitations, both the separate account and the general account together shall meet these investment limitations. The limitations of §§ 38.2-1413 and 38.2-1414 shall not otherwise apply to investments made pursuant to this section.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":14211,"edition_id":1,"name":"Separate Accounts","identifier":"3","label":"article","depth":3,"order_by":1,"parent_id":13282,"metadata":{},"date_created":"2026-06-26 03:47:17","date_modified":"2026-06-26 03:47:17","permalink":{"id":212089,"object_type":"structure","relational_id":14211,"identifier":"3","token":"38.2\/14\/3","url":"\/38.2\/14\/3\/","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":55404,"structure_id":14211,"section_number":"38.2-1443","catch_line":"Investment of amounts allocated to separate accounts for variable life insurance and variable annuities","url":"\/38.2-1443\/","token":"38.2\/14\/3\/38.2-1443","metadata":false},{"id":63632,"structure_id":14211,"section_number":"38.2-1443.1","catch_line":"Investment of amounts allocated to separate accounts for modified guaranteed life insurance, modified guaranteed annuities, and funding agreements","url":"\/38.2-1443.1\/","token":"38.2\/14\/3\/38.2-1443.1","metadata":false},{"id":58369,"structure_id":14211,"section_number":"38.2-1444","catch_line":"Establishment of separate accounts for pension, retirement or profit-sharing plans; investment of funds in such accounts","url":"\/38.2-1444\/","token":"38.2\/14\/3\/38.2-1444","metadata":false},{"id":67719,"structure_id":14211,"section_number":"38.2-1445","catch_line":"Separate accounts deemed Category 1 investments","url":"\/38.2-1445\/","token":"38.2\/14\/3\/38.2-1445","metadata":false}],"previous_section":{"id":55404,"structure_id":14211,"section_number":"38.2-1443","catch_line":"Investment of amounts allocated to separate accounts for variable life insurance and variable annuities","url":"\/38.2-1443\/","token":"38.2\/14\/3\/38.2-1443","metadata":false},"next_section":{"id":58369,"structure_id":14211,"section_number":"38.2-1444","catch_line":"Establishment of separate accounts for pension, retirement or profit-sharing plans; investment of funds in such accounts","url":"\/38.2-1444\/","token":"38.2\/14\/3\/38.2-1444","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1443.1\/","history_text":"

This law was first created in 1992. The record of its establishment is cataloged in chapter 210 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 1992 \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 2008, chapter 216<\/a>.<\/p>","references":false,"refers_to":[{"id":80227,"section_number":"38.2-1413","catch_line":"Investment limits for one obligor, one issue or one loan","order_by":null,"url":"\/38.2-1413\/"},{"id":81959,"section_number":"38.2-1414","catch_line":"Limits by type of investment","order_by":null,"url":"\/38.2-1414\/"},{"id":62806,"section_number":"38.2-3100.2","catch_line":"Funding agreements","order_by":null,"url":"\/38.2-3100.2\/"},{"id":72467,"section_number":"38.2-3113.1","catch_line":"Modified guaranteed life insurance and modified guaranteed annuities; separate accounts; authority to issue; statements required; regulations to be issued; approval expenses","order_by":null,"url":"\/38.2-3113.1\/"}],"permalink":{"id":212095,"object_type":"law","relational_id":63632,"identifier":"38.2-1443.1","token":"38.2\/14\/3\/38.2-1443.1","url":"\/38.2-1443.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1443.1\/","token":"38.2\/14\/3\/38.2-1443.1","dublin_core":{"Title":"Investment of amounts allocated to separate accounts for modified guaranteed life insurance, modified guaranteed annuities, and funding agreements","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1443.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Unless otherwise provided by regulation, the amounts allocated to separate accounts for modified guaranteed life insurance<\/span> and modified guaranteed annuities pursuant to the provisions of § 38.2-3113.1<\/a>, and for funding agreements pursuant to the provisions of § 38.2-3100.2<\/a>, and accumulations on them, may be invested and reinvested by a domestic insurer<\/span> in any type of Category 1 investment. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Investments made pursuant to this section shall be taken into account in applying the investment limitations of §§ 38.2-1413<\/a> and 38.2-1414<\/a> to investments made by the insurer<\/span>, by combining the investments under this section with all other investments subject to such limitations. In addition to the general account meeting these investment limitations, both the separate account and the general account together shall meet these investment limitations. The limitations of §§ 38.2-1413<\/a> and 38.2-1414<\/a> shall not otherwise apply to investments made pursuant to this section. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nINVESTMENT OF AMOUNTS ALLOCATED TO SEPARATE ACCOUNTS FOR MODIFIED GUARANTEED\nLIFE INSURANCE, MODIFIED GUARANTEED ANNUITIES, AND FUNDING AGREEMENTS (\u00a7\n38.2-1443.1)\n\nA. Unless otherwise provided by regulation, the amounts allocated to separate\naccounts for modified guaranteed life insurance and modified guaranteed\nannuities pursuant to the provisions of § 38.2-3113.1, and for funding\nagreements pursuant to the provisions of § 38.2-3100.2, and accumulations\non them, may be invested and reinvested by a domestic insurer in any type of\nCategory 1 investment.\n\nB. Investments made pursuant to this section shall be taken into account in\napplying the investment limitations of §§ 38.2-1413 and 38.2-1414 to\ninvestments made by the insurer, by combining the investments under this section\nwith all other investments subject to such limitations. In addition to the\ngeneral account meeting these investment limitations, both the separate account\nand the general account together shall meet these investment limitations. The\nlimitations of §§ 38.2-1413 and 38.2-1414 shall not otherwise apply to\ninvestments made pursuant to this section.\n\nHISTORY: 1992, c. 210; 2008, c. 216.","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}}