Virginia § 38.2-1427 - Common stock; covered call options
Full text of Virginia Code of Virginia § 38.2-1427 — Common stock; covered call options, with citation guidance and answers to common questions.
§ 38.2-1427. Common stock; covered call options
A. A domestic insurer may invest in the common capital stock of any company incorporated under the laws of the United States or any state, if the common capital stock of the corporation is traded on a securities exchange or on an over-the-counter market regulated under the Securities Exchange Act of 1934, as amended.
B. A domestic insurer also may write exchange-traded, covered call options on shares of common capital stock it owns.
C. No domestic insurer shall invest, pursuant to this section, in more than ten percent of the issued and outstanding common capital stock of any one corporation or issuer.
1983, c. 457, § 38.1-217.30; 1986, c. 562; 1992, c. 588.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 38.2-1427
What does Code of Virginia § 38.2-1427 cover?
Section 38.2-1427 ("Common stock; covered call options") 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 § 38.2-1427?
A common citation format is "Code of Virginia § 38.2-1427" (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 § 38.2-1427 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.