Insurance Dept.

General Agency, Board or Commission Rules

Chapter 48: Valuation of Securities and Other Investments

Effective Date: 12/31/1996 to Current

Rule Type: Current Rules & Regulations

Reference Number: 044.0002.48.12311996

CHAPTER 48

VALUATION OF SECURITIES AND OTHER INVESTMENTS

Section 1. Authority

This regulation governing valuation of securities and other investments is promulgated by the authority of and pursuant to the Wyoming Administrative Procedure Act, W.S. 16-3-101 et seq., W.S. 26-2-110, and W.S. 26-6-301 and 302.

Section 2. Purpose

The purpose of this regulation is to protect the consumers of insurance in the state of Wyoming by creating fair and equitable standards for valuing securities and other investments owned by insurance companies, thereby ensuring that insurance companies meet minimum solvency standards.

Section 3. Valuation of Securities

All securities owned by insurers shall be valued in accordance with the most recent standards promulgated by the National Association of Insurance Commissioners' Securities Valuation Office.

Section 4. Valuation of Other Investments

Other invested assets of insurance companies shall be valued in accordance with the most recent procedures promulgated by the National Association of Insurance Commissioners.

Section 5. Effective Date

This regulation becomes effective immediately upon filing with the Secretary of State.