                                 CODE OF VIRGINIA

UNITRUST RATE (§ 64.2-1044)

A. Except as otherwise provided in subdivision B 1 of § 64.2-1047, a unitrust
rate may be:

   1. A fixed unitrust rate; or

   2. A unitrust rate that is determined for each period using:
   				a. A market index or other published data; or
   				b. A mathematical blend of market indices or other published data over a
   stated number of preceding periods.

B. Except as otherwise provided in subdivision B 1 of § 64.2-1047, a unitrust
policy may provide:

   1. A limit on how high the unitrust rate determined under subdivision A 2 may
   rise;

   2. A limit on how low the unitrust rate determined under subdivision A 2 may
   fall;

   3. A limit on how much the unitrust rate determined under subdivision A 2 may
   increase over the unitrust rate for the preceding period or a mathematical
   blend of unitrust rates over a stated number of preceding periods;

   4. A limit on how much the unitrust rate determined under subdivision A 2 may
   decrease below the unitrust rate for the preceding period or a mathematical
   blend of unitrust rates over a stated number of preceding periods; or

   5. A mathematical blend of any of the unitrust rates determined under
   subdivision A 2 and subdivisions B 1 through 4.

HISTORY: 2022, c. 354.