Alabama § 27-37-6 - Valuation - Other Securities; Preferred or Guaranteed Stocks or Shares.
Full text of Alabama Code of Alabama § 27-37-6 — Valuation - Other Securities; Preferred or Guaranteed Stocks or Shares., with citation guidance and answers to common questions.
§ 27-37-6. Valuation - Other Securities; Preferred or Guaranteed Stocks or Shares.
(a) Securities, other than those referred to in Section 27-37-5, held by an insurer shall be valued, in the discretion of the commissioner, at their market value, or at their appraised value or at prices determined by him as representing their fair market value.
(b) Preferred or guaranteed stocks or shares, while paying full dividends, may be carried at a fixed value in lieu of market value, at the discretion of the commissioner and in accordance with such method of valuation as he may approve.
(c) No valuation under this section shall be inconsistent with any applicable valuation or method currently accepted and in use among insurers in general.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-37-6
What does Code of Alabama § 27-37-6 cover?
Section 27-37-6 ("Valuation - Other Securities; Preferred or Guaranteed Stocks or Shares.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 27-37-6?
A common citation format is "Code of Alabama § 27-37-6" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 27-37-6 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.