Michigan § 500.842 - Valuation of certain securities, stocks, or shares.
Full text of Michigan Michigan Compiled Laws § 500.842 — Valuation of certain securities, stocks, or shares., with citation guidance and answers to common questions.
§ 500.842. Valuation of certain securities, stocks, or shares.
Securities, other than those referred to in section 841, held by an insurer shall be valued, in the commissioner's discretion, at their market value, at their appraised value, or at prices determined by the commissioner as representing their fair market value.
Preferred or guaranteed stocks or shares while paying full dividends may be carried at a fixed value in lieu of market value, at the commissioner's discretion and in accordance with a method of valuation as the commissioner may approve.
Stock of a subsidiary corporation of an insurer shall not be valued at an amount in excess of the net value of the stock as based upon only those assets of the subsidiary that would be eligible under sections 910 through 947 for the direct investment of the insurer's funds.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.842
What does Michigan Compiled Laws § 500.842 cover?
Section 500.842 ("Valuation of certain securities, stocks, or shares.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. 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 Michigan § 500.842?
A common citation format is "Michigan Compiled Laws § 500.842" (Michigan). 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 Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 500.842 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan 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 Michigan.