California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 2 - Valuation of Properties and Securities
Section 2287 - Other Real Property
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
All other real property not under contract of sale shall be valued as follows:
(a) Real property acquired by foreclosure or in the satisfaction of debt shall be valued at an amount not to exceed the smaller of the following: Cost plus the cost of capitalized improvements, less normal depreciation, or market value as evidenced by a current appraisal by a competent and qualified appraiser.
(b) Real property acquired for investment purposes shall be valued at an amount not to exceed the smaller of the following: Cost plus the cost of capitalized improvements, less normal depreciation, or market value as evidenced by a current appraisal by a competent and qualified appraiser.
1. Amendment
filed 6-13-68; effective thirtieth day thereafter (Register 68, No.
22).
2. Amendment filed 2-7-69 as an emergency; designated effective
2-7-69 (Register 69, No. 6).
