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2006 Code of Virginia § 38.2-1424 - Guaranteed stocks
38.2-1424. Guaranteed stocks.
A domestic insurer may invest in stocks guaranteed by a solvent companyincorporated under the laws of the United States or of any state if for thepast three years the guarantor's net earnings available for meeting fixedcharges is at least 1 1/4 times the sum of (i) the fixed charges of theguarantor and (ii) the dividends on the guaranteed stock.
(1983, c. 457, 38.1-217.27; 1986, c. 562.)
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