38.2-1405 - Dates of determination. - Virginia Statutes

§ 38.2-1405. Dates of determination.

A. The classification by investment category of each investment, based ontype of investment as set forth in §§ 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's totaladmitted assets or surplus to policyholders, there shall be used as a base,without regard to percentage limitations, those assets or surplus topolicyholders as shown by the insurer's most recent annual or quarterlystatement on file with the Commission pursuant to §§ 38.2-1300 and 38.2-1301.

(1983, c. 457, § 38.1-217.6; 1986, c. 562; 1992, c. 588.)