Delaware § 1128 Valuation of other securities

Delaware Statutes

§ 1128 — Valuation of other securities

Delaware § 1128

JurisdictionDelaware

Title18

PartInsurance

Ch. 11ASSETS AND LIABILITIES

Subch.Valuation of Assets

This text of Delaware § 1128 (Valuation of other securities) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 18, § 1128 (2026).

Text

(a)Securities, other than those referred to in § 1127 of this title, 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 the Commissioner 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 computation as he or she may approve.

(c)Notwithstanding any other provision of this section, securities shall be valued at prices established by the National Association of Insurance Commissioners’ Capital Markets and Investment Analysis Office and in accordance with procedures established by the National A

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(a) Securities, other than those referred to in § 1127 of this title, 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 the Commissioner 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 computation as he or she may approve.

(c) Notwithstanding any other provision of this section, securities shall be valued at prices established by the National Association of Insurance Commissioners’ Capital Markets and Investment Analysis Office and in accordance with procedures established by the National Association of Insurance Commissioners.

Legislative History

18 Del. C. 1953, § 1115; 56 Del. Laws, c. 380, § 1 ; 59 Del. Laws, c. 79, § 39 ; 68 Del. Laws, c. 48, § 1 ; 70 Del. Laws, c. 186, § 1 ; 80 Del. Laws, c. 117, § 2 ; 83 Del. Laws, c. 184, § 4