California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 2 - Valuation of Properties and Securities
Section 2279 - Rules and Regulations for Valuation of Securities-General

The rules and regulations for the valuation of securities set forth in this article are adopted and promulgated as a necessary part of, and as instructions for the proper and uniform preparation and filing of financial statements and reports required by the California Insurance Code and the Insurance Commissioner, on a uniform basis according to kinds of insurance business transacted, to insurers to elicit from them a true exhibit of their financial condition, and to make certain and uniform, and to give advance notice as to the manner in which the Insurance Commissioner will initially exercise the discretion given to the Commissioner by Sections 1250 to 1253, inclusive, 1430, 11131 and 12921 of the California Insurance Code relative to valuation of securities reported by insurers in financial statements filed with the Commissioner and relative to the forms of financial statement and the valuation of securities reported therein required to be filed with the Commissioner by insurers, including Reciprocal Insurers and Fraternal Insurers. The duties and discretion of the Insurance Commissioner conferred on the Commissioner by laws as to the proper valuation of securities and properties held by insurers cannot be, and are not exhausted by these rules and regulations.

1. Amendment filed 2-4-71 as an emergency; effective upon filing (Register 71, No. 6). For prior history, see Register 69, No. 13.
2. Certificate of Compliance-See. 11422.1, Government Code, filed 3-12-71 (Register 71, No. 11).
3. Change without regulatory effect amending section filed 7-14-2021 pursuant to section 100, title 1, California Code of Regulations (Register 2021, No. 29). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.

Note: Authority cited: Sections 923, 1250 to 1253, inclusive, 1430, 11131 and 12921, Insurance Code.