38.2-1427.3 - Investment authority; subsidiary corporations.
§ 38.2-1427.3. Investment authority; subsidiary corporations.
A domestic insurer may invest in common stock, preferred stock, debtobligations, and other securities of a subsidiary.
For investments in subsidiary corporations made prior to July 1, 1995, July1, 1995, may be deemed the date of investment.
(1992, c. 588; 1993, c. 47; 1995, c. 60.)