PURPOSE: This rule effectuates or aids in the interpretation of sections 376.300– 376.320 and 379.080, RSMo.

Editor’s Note: The secretary of state has determined that the publication of this rule in its entirety would be unduly cumbersome or expensive. The entire text of the material referenced has been filed with the secretary of state. This material may be found at the Office of the Secretary of State or at the headquarters of the agency and is available to any interested person at a cost established by state law.

1. (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. (2) Other Invested Assets. Invested assets, other than securities, must be valued in accordance with the procedures promulgated by the NAIC’s Financial Condition (EX4) Subcommittee as published in its Accounting Practices and Procedures Manual for Life and Accident and Health Insurance Companies, Accounting Practices and Procedures Manual for Fire and Casualty Insurance Companies, Annual Statement Instructions and Examiner’s Handbook.

AUTHORITY: section 374.045.1(3), RSMo Supp. 1993.* Original rule filed July 2, 1991, effective Dec. 9, 1991. *Original authority 1967, amended 1993.