38.2-3136 - Alternative method for determining reference interest rates. - Virginia Statutes

§ 38.2-3136. Alternative method for determining reference interest rates.

If Moody's Corporate Bond Yield Average - Monthly Average Corporates is nolonger published by Moody's Investors Service, Inc., or if the NationalAssociation of Insurance Commissioners determines that Moody's Corporate BondYield Average - Monthly Average Corporates as published by Moody's InvestorsService, Inc. is no longer appropriate for the determination of the referenceinterest rate as defined in § 38.2-3135, then an alternative method fordetermination of the reference interest rate may be substituted if it isadopted by the National Association of Insurance Commissioners and approvedby the Commission.

(Code 1950, § 38-394; 1952, c. 317, § 38.1-456; 1959, Ex. Sess., c. 43; 1962,c. 562; 1975, c. 215; 1979, c. 437; 1982, c. 227; 1986, c. 562.)