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2014 Virginia Code
Title 38.2 - Insurance
§ 38.2-1430. Collateral loans


VA Code § 38.2-1430 (2014) What's This?

A domestic insurer may make loans secured by securities eligible for investment under this article. At the date of investment, the loan shall not exceed eighty percent of the market value of the collateral pledged. However, if the collateral consists of obligations issued, assumed or guaranteed by the United States, the loan may equal the market value of the collateral pledged.

1983, c. 457, ยง 38.1-217.33; 1986, c. 562.

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