Washington § 48.12.180 - Valuation of stocks.

Full text of Washington Revised Code of Washington § 48.12.180 — Valuation of stocks., with citation guidance and answers to common questions.

§ 48.12.180. Valuation of stocks.

(1) Securities, other than those referred to in RCW 48.12.170, 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 or her as representing their fair market value.
(2) 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 computation as he or she may approve.
(3) The stock of a subsidiary of an insurer shall be valued on the basis of the greater of (a) the value of only such of the assets of such subsidiary as would constitute lawful investments for the insurer if acquired or held directly by the insurer or (b) such other value determined pursuant to rules and cumulative limitations which shall be promulgated by the commissioner to effectuate the purposes of this chapter.
(4) The commissioner has full discretion in determining the method of calculating values according to the rules set forth in this section, and consistent with such methods as then adopted by the National Association of Insurance Commissioners.
[ 1993 c 462 s 54; 1973 c 151 s 1; 1947 c 79 s .12.18; Rem. Supp. 1947 s 45.12.18.]

Notes

Severability—Implementation—1993 c 462: See RCW 48.31B.901 and 48.31B.902.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 48.12.180

What does Revised Code of Washington § 48.12.180 cover?

Section 48.12.180 ("Valuation of stocks.") is part of the Revised Code of Washington, the codified statutory law of Washington. 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 Washington § 48.12.180?

A common citation format is "Revised Code of Washington § 48.12.180" (Washington). 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 Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

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Sources & Verification

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