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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>69831</law_id><section_number>38.2-1427</section_number><catch_line>Common stock; covered call options</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 id="A"><p><span class="prefix-number">A.</span> A domestic <span class="dictionary">insurer</span> may invest in the common capital stock of any <span class="dictionary">company</span> incorporated under the <span class="dictionary">laws</span> of the United <span class="dictionary">States</span> or any <span class="dictionary">state</span>, if the common capital stock of the corporation is traded on a securities exchange or on an over-the-counter market regulated under the Securities Exchange Act of 1934, as amended. <a id="paragraph-252379" class="section-permalink" href="https://vacode.org/38.2-1427/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> A domestic <span class="dictionary">insurer</span> also may write exchange-traded, covered call <span class="dictionary">options</span> on shares of common capital stock it owns. <a id="paragraph-252380" class="section-permalink" href="https://vacode.org/38.2-1427/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> No domestic <span class="dictionary">insurer</span> shall invest, pursuant to this section, in more than ten percent of the issued and outstanding common capital stock of any one corporation or issuer. <a id="paragraph-252381" class="section-permalink" href="https://vacode.org/38.2-1427/#C"><i class="fa fa-link"/></a></p></section></text><history>1983, c. 457, &#xA7; 38.1-217.30; 1986, c. 562; 1992, c. 588.</history><metadata></metadata></law>
