A domestic insurer may invest in common stock, preferred stock, debt obligations, and other securities of a subsidiary.
For investments in subsidiary corporations made prior to July 1, 1995, July 1, 1995, may be deemed the date of investment.
Va. Code Ann. § 38.2-1427.3
Investment authority; subsidiary corporations
1992, c. 588; 1993, c. 47; 1995, c. 60.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.