§ 26-6-302 — Valuation of other securities

Wyoming § 26-6-302

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 6: ASSETS AND LIABILITIES

Text

(a) The commissioner may, by rule or regulation, require
that securities other than securities referred to in W.S.
26-6-301 and except as provided in W.S. 26-16-502(a)(iv), held
by an insurer, be valued in accordance with the most recent
published valuation standards of the National Association of
Insurance Commissioners. At the commissioner's discretion,
securities as to which the National Association of Insurance
Commissioners has not published valuation standards shall be
valued at their fair value, or at their appraised value or at
prices the commissioner determines as representing their fair
value.
(b) Preferred or guaranteed stocks or shares while paying
full dividends may be carried at a fixed value instead of fair
value at the commissioner's discretion and in accordance with a
method of computation he approves.
(c) The stock of an insurer's subsidiary shall be valued
on the basis of the value of only those assets of the subsidiary
as would constitute lawful investments of the insurer if
acquired or held directly by the insurer.