376.296. Value of investments, how calculated.
Value of investments, how calculated.
376.296. The value or amount of an investment acquired or held or aninvestment practice engaged in under this chapter, unless otherwisespecified in this code, shall be the value at which assets of an insurerare required to be reported for statutory accounting purposes as determinedin accordance with procedures prescribed in published accounting andvaluation standards of the NAIC, including the Purposes and Procedures ofthe Securities Valuation Office, the Valuation of Securities Manual, theAccounting Practices and Procedures Manual, the Annual StatementInstructions, or any successor valuation procedures officially adopted bythe NAIC.
(L. 2007 S.B. 66)