                                 CODE OF VIRGINIA

NONADMITTED ASSETS (§ 38.2-1306.3)

A. &#8220;Nonadmitted assets&#8221; or &#8220;not admitted assets&#8221; means
those assets identified and reported as nonadmitted assets by or in accordance
with the National Association of Insurance Commissioners (NAIC) accounting
practices and procedures manuals, and any other asset or category of assets
identified as nonadmitted in this title or which the Commission by rule or
regulation identifies as an asset which shall be reported as a nonadmitted
asset.

B. Goodwill, if admitted, may be admitted on or after January 1, 2001, subject
to the guidance in the NAIC accounting practices and procedures manuals.

HISTORY: 2000, c. 46.