Virginia Administrative Code
Title 14 - INSURANCE
Agency 5 - STATE CORPORATION COMMISSION, BUREAU OF INSURANCE
Chapter 260 - RULES GOVERNING INSURANCE HOLDING COMPANIES
Section 14VAC5-260-55 - Subsidiaries of insurers
Universal Citation: 4 VA Admin Code 5-260-55
Current through Register Vol. 41, No. 3, September 23, 2024
Investments in insurance subsidiaries are exempt from § 38.2-1330B 6 of the Act to the extent they do not exceed the lesser of 10% of the insurer's assets or 50% of the insurer's surplus as regards policyholders. The authority to invest in subsidiaries under this section is in addition to any authority to invest in subsidiaries that may be contained in any other provision of Title 38.2 of the Code of Virginia.
Statutory Authority §§ 12.1-13 and 38.2-223 of the Code of Virginia.
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