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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>54504</law_id><section_number>38.2-1052</section_number><catch_line>Exchange of securities</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="10">Organization, Admission and Licensing of Insurers</unit><unit label="article" level="3" order_by="1" identifier="7">Deposits</unit></structure><text>
						<section><p>A depositing <span class="dictionary">insurer</span> may from time to time exchange for any of the deposited securities other securities eligible for deposit under this article if in the <span class="dictionary">opinion</span> of the <span class="dictionary">Commission</span> the aggregate value of the deposit will not be reduced below the amount required by <span class="dictionary">law</span>.</p></section></text><history>1952, c. 317, &#xA7; 38.1-116; 1986, c. 562.</history><metadata></metadata></law>
