38.2-4604 - Investment in plant and equipment. - Virginia Statutes

§ 38.2-4604. Investment in plant and equipment.

Notwithstanding the provisions of Chapter 14 of this title, any domestictitle insurance company may invest in title records and equipment; however,the reporting of all such amounts as an admitted asset shall be subject tothe valuation restrictions as provided for in the National Association ofInsurance Commissioners accounting practices and procedures manuals.

(Code 1950, § 38-236; 1952, c. 317, § 38.1-724; 1983, c. 457; 1986, c. 562;2000, c. 46.)