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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>85308</law_id><section_number>38.2-1403</section_number><catch_line>Category 2 investments limits</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="14">Investments</unit><unit label="article" level="3" order_by="1" identifier="1">General Provisions</unit></structure><text>
						<section><p>The value of Category 2 investments shall be excluded from the value of admitted <span class="dictionary">assets</span> to the extent the value of Category 2 investments exceeds seventy-five percent of the amount by which an <span class="dictionary">insurer</span>&#x2019;s <span class="dictionary">surplus to policyholders</span> exceeds its <span class="dictionary">minimum capital and surplus</span>.</p></section></text><history>1983, c. 457, &#xA7; 38.1-217.4; 1986, c. 562; 1992, c. 588; 1998, c. 414.</history><metadata></metadata></law>
