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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>78849</law_id><section_number>38.2-1412</section_number><catch_line>Scope of article</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>38.2-1401</reference><reference>38.2-1402</reference><reference>38.2-4319</reference></referred_to_by><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="2">Category 1 Investments</unit></structure><text>
						<section><p>This article sets forth requirements for qualifying as a Category 1 investment. If an investment or portion thereof does not comply either with this article or Article 3 (&#xA7;&#xA0;<a class="law" title="Investment of amounts allocated to separate accounts for variable life insurance and variable annuities" href="/38.2-1443/">38.2-1443</a> et seq.) of this chapter, then that investment or portion of it shall be classified as a Category 2 investment or a <span class="dictionary">prohibited investment</span>, as provided in this chapter.</p></section></text><history>1983, c. 457, &#xA7; 38.1-217.15; 1986, c. 562.</history><metadata></metadata></law>
