                                 CODE OF VIRGINIA

DATES OF DETERMINATION (§ 38.2-1405)

A. The classification by investment category of each investment, based on type
of investment as set forth in &#xA7;&#xA7; 38.2-1415 through 38.2-1442,
inclusive, shall be determined as of the date of investment.

B. In applying any percentage limitations based on the insurer&#8217;s total
admitted assets or surplus to policyholders, there shall be used as a base,
without regard to percentage limitations, those assets or surplus to
policyholders as shown by the insurer&#8217;s most recent annual or quarterly
statement on file with the Commission pursuant to &#xA7;&#xA7; 38.2-1300 and
38.2-1301.

HISTORY: 1983, c. 457, § 38.1-217.6; 1986, c. 562; 1992, c. 588.