Virginia Code 38.2-1420: Transportation equipment trust certificates.
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A domestic insurer may invest in adequately secured equipment trust certificates or other adequately secured instruments evidencing (i) an interest in transportation equipment wholly or partly within the United States and (ii) a right to receive determined portions of rental, purchase or other fixed obligatory payments for the use or purchase of the transportation equipment.
Terms Used In Virginia Code 38.2-1420
- Insurer: means a company licensed pursuant to Chapter 10 (§ Virginia Code 38.2-1401
- United States: includes the 50 states, the District of Columbia the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands and the United States Virgin Islands. See Virginia Code 1-255
1983, c. 457, § 38.1-217.23; 1986, c. 562.