58-26-3. Valuation of securities other than evidences of debt.
44 words·~1 min read·
/sd/title-58/chapter-58-26/58-26-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Securities, other than those referred to in § 58-26-2 , held by an insurer, shall be valued, in the discretion of the director, at their market value, or at their appraised value, or at prices determined by him as representing their fair market value.