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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>74587</law_id><section_number>38.2-1427.3</section_number><catch_line>Investment authority; subsidiary corporations</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>38.2-1413</reference><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 common stock, preferred stock, debt <span class="dictionary">obligations</span>, and other securities of a subsidiary.
		For investments in subsidiary corporations made prior to July 1, 1995, July 1, 1995, may be deemed the <span class="dictionary">date of investment</span>.</p></section></text><history>1992, c. 588; 1993, c. 47; 1995, c. 60.</history><metadata></metadata></law>
