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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>87150</law_id><section_number>38.2-1420</section_number><catch_line>Transportation equipment trust certificates</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>38.2-1414</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>A domestic <span class="dictionary">insurer</span> may invest in adequately secured equipment trust certificates or other adequately secured instruments evidencing (i) an interest in transportation equipment wholly or partly within the United <span class="dictionary">States</span> and (ii) a right to receive determined portions of rental, purchase or other fixed obligatory payments for the use or purchase of the transportation equipment.</p></section></text><history>1983, c. 457, &#xA7; 38.1-217.23; 1986, c. 562.</history><metadata></metadata></law>
