Valuation of Invested Assets

PURPOSE: This rule effectuates or aids in the interpretation of sections 376.291– 376.307 and 379.080, RSMo. (1) Securities. Securities owned by insurance companies must be valued in accordance with those standards promulgated by the Valuation of Securities Office of the National Association of Insurance Commissioners (NAIC) as published in its Valuation of Securities. (2) Other Invested Assets. Invested assets, other than securities, must be valued in accordance with the procedures published in the NAIC Accounting Practices and Procedures Manual, Annual Statement Instructions and Examiner’s Handbook. AUTHORITY: section 374.045, RSMo 2016.* Original rule filed July 2, 1991, effective Dec. 9, 1991. Amended: Filed Aug. 29, 2003, effective Feb. 29, 2004. Amended: Filed Oct. 30, 2018, effective April 30, 2019. *Original authority: 374.045, RSMo 1967, amended 1993, 1995, 2008.