CHAPTER 212

An Act to amend the Code of Virginia by adding thereto a section num-
bered 88.1-202.1, relating to certain investments which may be made
by certain insurers.

4 [H 374]

Approved March 11, 1954
Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia be amended by adding thereto a section
numbered 38.1-202.1 as follows: ;

§ 38.1-202.1. Any such insurer may invest in the common capital
stock of any bank or trust company which is a member of the Federal
Deposit Insurance Corporation and has earned no less than five per
centum on its total capital accounts for each of the preceding three years,
not to exceed, however, ten per centum of the actually issued and out-
standing common capital stock of any one such bank or trust company,
provided, that not more in the aggregate than five per centum of the assets
of such insurer shall be so invested at any time, and provided, further,
that not more in the aggregate than twenty per centum of the assets of
such insurer shall be invested at any time in investments made eligible
herein and by §§ 38.1-201 and 38.1-202.