Va. Code § 38.2-1427.3: Investment authority; subsidiary corporations

A domestic insurer may invest in common stock, preferred stock, debt obligations, and other securities of a subsidiary.For investments in subsidiary corporations made prior to July 1, 1995, July 1, 1995, may be deemed the date of investment.1992, c. 588; 1993, c. 47; 1995, c. 60.