Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-63-611. Asset valuation

(1) Bonds and securities shall be valued in accordance with the methods specified in the National Association of Insurance Commissioners' publication as it existed on January 1, 2001, entitled the “Valuation of Securities Manual”, prepared by the Securities Valuation Office;

(2) Shares of stock shall be valued in accordance with the methods specified in the National Association of Insurance Commissioners' publication as it existed on January 1, 2001, entitled the “Accounting Practices and Procedures Manual”; and

(3) Other assets shall be valued as specified by the Insurance Commissioner in a rule, according to § 23-63-601(2), which method of valuation is not inconsistent with the National Association of Insurance Commissioners' publication as it existed on January 1, 2023, entitled the “Valuation of Securities Manual”, prepared by the Capital Markets and Investment Analysis Office.