2014 Virginia Code
Title 38.2 - Insurance
§ 38.2-3128. (Repealed effective January 1, 2015) Decrease of standards higher than minimum
Each insurer that has adopted a standard of valuation producing greater aggregate reserves than those calculated according to the minimum standard provided in this article may, with the approval of the Commission, adopt any lower standard of valuation that equals or exceeds the minimum provided in this article. However, for purposes of this section, the holding of additional reserves previously determined by a qualified actuary to be necessary to render the opinion required by § 38.2-3127.1 shall not be deemed to be the adoption of a higher standard of valuation.
Code 1950, § 38-392; 1952, c. 317, § 38.1-454; 1986, c. 562; 1992, c. 588 .
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