Assets of reporting entities shall be valued in accordance with the following: (1) Bonds and securities shall be valued in accordance with the methods specified in the National Association of Insurance Commissioners' publication as it existed on January 1, 2001, entitled the "Valuation of Securities Manual", prepared by the Securities Valuation Office; (2) Shares of stock shall be valued in accordance with the methods specified in the National Association of Insurance Commissioners' publication as it existed on January 1, 2001, entitled the "Accounting Practices and Procedures Manual"; and (3) Other assets shall be valued as specified by the Insurance Commissioner in a rule, according to § 23-63-601(2) , which method of valuation is not inconsistent with the National Association of Insurance Commissioners' publication as it existed on January 1, 2023, entitled the "Valuation of Securities Manual", prepared by the Capital Markets and Investment Analysis Office. Amended by Act 2023, No. 469,§ 4, eff. 8/1/2023. Amended by Act 2019, No. 315,§ 2635, eff. 7/24/2019. Acts 1959, No. 148, §§ 93, 94; A.S.A. 1947, §§ 66-2512, 66-2513; Acts 1995, No. 1272, § 13; 2001, No. 1566, § 9. Assets of reporting entities shall be valued in accordance with the following: (1) Bonds and securities shall be valued in accordance with the methods specified in the National Association of Insurance Commissioners' publication as it existed on January 1, 2001, entitled the "Valuation of Securities Manual", prepared by the Securities Valuation Office; (2) Shares of stock shall be valued in accordance with the methods specified in the National Association of Insurance Commissioners' publication as it existed on January 1, 2001, entitled the "Accounting Practices and Procedures Manual"; and (3) Other assets shall be valued as specified by the Insurance Commissioner in a rule, according to § 23-63-601(2) , which method of valuation is not inconsistent with the National Association of Insurance Commissioners' publication as it existed on January 1, 2023, entitled the "Valuation of Securities Manual", prepared by the Capital Markets and Investment Analysis Office. Amended by Act 2023, No. 469,§ 4, eff. 8/1/2023. Amended by Act 2019, No. 315,§ 2635, eff. 7/24/2019. Acts 1959, No. 148, §§ 93, 94; A.S.A. 1947, §§ 66-2512, 66-2513; Acts 1995, No. 1272, § 13; 2001, No. 1566, § 9. Assets of reporting entities shall be valued in accordance with the following: (1) Bonds and securities shall be valued in accordance with the methods specified in the National Association of Insurance Commissioners' publication as it existed on January 1, 2001, entitled the "Valuation of Securities Manual", prepared by the Securities Valuation Office; (2) Shares of stock shall be valued in accordance with the methods specified in the National Association of Insurance Commissioners' publication as it existed on January 1, 2001, entitled the "Accounting Practices and Procedures Manual"; and (3) Other assets shall be valued as specified by the Insurance Commissioner in a rule, according to § 23-63-601(2) , which method of valuation is not inconsistent with the National Association of Insurance Commissioners' publication as it existed on January 1, 2023, entitled the "Valuation of Securities Manual", prepared by the Capital Markets and Investment Analysis Office. Amended by Act 2023, No. 469,§ 4, eff. 8/1/2023. Amended by Act 2019, No. 315,§ 2635, eff. 7/24/2019. Acts 1959, No. 148, §§ 93, 94; A.S.A. 1947, §§ 66-2512, 66-2513; Acts 1995, No. 1272, § 13; 2001, No. 1566, § 9. Assets of reporting entities shall be valued in accordance with the following: (1) Bonds and securities shall be valued in accordance with the methods specified in the National Association of Insurance Commissioners' publication as it existed on January 1, 2001, entitled the "Valuation of Securities Manual", prepared by the Securities Valuation Office; (2) Shares of stock shall be valued in accordance with the methods specified in the National Association of Insurance Commissioners' publication as it existed on January 1, 2001, entitled the "Accounting Practices and Procedures Manual"; and (3) Other assets shall be valued as specified by the Insurance Commissioner in a rule, according to § 23-63-601(2) , which method of valuation is not inconsistent with the National Association of Insurance Commissioners' publication as it existed on January 1, 2023, entitled the "Valuation of Securities Manual", prepared by the Capital Markets and Investment Analysis Office. Acts 1959, No. 148, §§ 93, 94; A.S.A. 1947, §§ 66-2512, 66-2513; Acts 1995, No. 1272, § 13; 2001, No. 1566, § 9.
‹ Prev All Arkansas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.