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64 chapters · 1,789 sections in this title.
Va. Code Ann. § 38.2-1444 Establishment of separate accounts for pension, retirement or profit-sharing plans; investment of funds in such accounts
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A. A domestic insurer, after adoption of a resolution by its board of directors and certification of that adoption to the Commission, may allocate to one or more separate accounts, in accordance with the terms of a written agreement, any amounts paid to or held by the insurer in …
Va. Code Ann. § 38.2-1445 Separate accounts deemed Category 1 investments
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All investments made in compliance with this article shall be deemed Category 1 investments except that nothing contained in this section shall be construed to affect or apply to any insurer licensed pursuant to the provisions of Chapter 42 (§ 38.2-4200 et seq.) or 45 (§ 38.2-450…
Va. Code Ann. § 38.2-1446 Prohibition of hypothecation
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A. Every domestic insurer subject to the provisions of this chapter shall at all times have and maintain free and unencumbered admitted assets in an amount equal to the sum total of its reserve liabilities and minimum capital and surplus, and no such insurer shall pledge, hypothe…
Va. Code Ann. § 38.2-1447 Exception
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A. This article shall not apply to those assets of any insurer that are held, deposited, pledged, hypothecated or otherwise encumbered as provided herein to secure, offset, protect, or meet those reserve liabilities of such insurer which are established, incurred, or required und…