Virginia § 38.2-1424 - Guaranteed stocks
Full text of Virginia Code of Virginia § 38.2-1424 — Guaranteed stocks, with citation guidance and answers to common questions.
§ 38.2-1424. Guaranteed stocks
A domestic insurer may invest in stocks guaranteed by a solvent company incorporated under the laws of the United States or of any state if for the past three years the guarantor's net earnings available for meeting fixed charges is at least 1 1/4 times the sum of (i) the fixed charges of the guarantor and (ii) the dividends on the guaranteed stock.
1983, c. 457, § 38.1-217.27; 1986, c. 562.
Frequently Asked Questions About Virginia § 38.2-1424
What does Code of Virginia § 38.2-1424 cover?
Section 38.2-1424 ("Guaranteed stocks") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 38.2-1424?
A common citation format is "Code of Virginia § 38.2-1424" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 38.2-1424 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.