Alabama § 27-37-6 Valuation - Other Securities; Preferred or Guaranteed Stocks or Shares

Alabama Statutes

§ 27-37-6 — Valuation - Other Securities; Preferred or Guaranteed Stocks or Shares

Alabama § 27-37-6

Title 27Insurance

Ch. 37Assets

This text of Alabama § 27-37-6 (Valuation - Other Securities; Preferred or Guaranteed Stocks or Shares) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 27-37-6 (2026).

Text

(a)Securities, other than those referred to in Section 27-37-5, held by an insurer shall be valued, in the discretion of the commissioner, at their market value, or at their appraised value or at prices determined by him as representing their fair market value.

(b)Preferred or guaranteed stocks or shares, while paying full dividends, may be carried at a fixed value in lieu of market value, at the discretion of the commissioner and in accordance with such method of valuation as he may approve.

(c)No valuation under this section shall be inconsistent with any applicable valuation or method currently accepted and in use among insurers in general.

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(a) Securities, other than those referred to in Section 27-37-5, held by an insurer shall be valued, in the discretion of the commissioner, at their market value, or at their appraised value or at prices determined by him as representing their fair market value.
(b) Preferred or guaranteed stocks or shares, while paying full dividends, may be carried at a fixed value in lieu of market value, at the discretion of the commissioner and in accordance with such method of valuation as he may approve.
(c) No valuation under this section shall be inconsistent with any applicable valuation or method currently accepted and in use among insurers in general.