# Ohio Admin. Code 3901-3-05: Rule 3901-3-05. Valuation of investments > Ohio · Regulations · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3901_3_05 ## Section - **Citation:** Ohio Admin. Code 3901-3-05 - **Heading:** Rule 3901-3-05. Valuation of investments - **Jurisdiction:** Ohio - **Kind:** Regulations - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Ohio Administrative Code / Agency 3901 / Chapter 3901-3 / Rule 3901-3-05 ## Text 119.03 (A) Purpose The purpose of this rule is to facilitate the department's analysis and examination of the financial condition of insurers by establishing procedures for the valuing of investments to be used by insurers in the preparation and filing of statutory financial statements and other financial information. (B) Authority This rule is issued pursuant to the authority vested in the superintendent of insurance under sections 3901.041 , 3901.77 , 3907.20 and 1751.47 of the Revised Code. (C) Procedures The "Valuation of Securities Manual", "Purposes and Procedures Manual of the NAIC Securities Valuation Office", and the "Accounting Practices and Procedures Manual" as published by the national association of insurance commissioners (NAIC) have been adopted for use in Ohio by section 3901.77 of the Revised Code. The procedures outlined in these publications are to be used for valuing investments for which valuations are not otherwise defined by statute or rule. The superintendent shall disallow any accounting practice or procedure prescribed by the publications if the superintendent deems it necessary to ascertain the condition and affairs of any company. In making the disallowance determination, the superintendent shall consider such factors as the nature of the investment; the financial stability of the issuing company; the applicability of other standardized accounting procedures; and other factors affecting the accuracy of the valuation. (D) Valuations of investments otherwise defined. An investment which cannot be valued in accordance with paragraph (C) of this rule is a non-admitted investment and afforded a value of zero in any filing of statutory financial statements and other financial information company; the applicability of other standardized accounting procedures; and other factors affecting the accuracy of the valuation. (D) Valuations of investments otherwise defined. An investment which cannot be valued in accordance with paragraph (C) of this rule is a non-admitted investment and afforded a value of zero in any filing of statutory financial statements and other financial information. (E) Severability If any portion of this rule or the application thereof to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of the rule or related rules which can be given effect without the invalid portion or application, and to this end the provisions of this rule are severable. Last updated November 14, 2024 at 8:52 AM Supplemental Information Authorized By: 3901.041 , 3901.77 , 3907.20 , 1751.47 Amplifies: 3901.77 , 3907.20 , 1751.47 8/30/2029 3/21/2005 ## Nearby sections - [Ohio Admin. Code 3901-3-01 Rule 3901-3-01. Requirement for approval of the proposed acquisition of control of or merger with a domestic insurer](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3901_3_01.md) - [Ohio Admin. Code 3901-3-02 Rule 3901-3-02. Regulation and registration of insurers under the Insurance Holding Company Regulatory Act](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3901_3_02.md) - [Ohio Admin. 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NAIC manuals](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3901_3_18.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3901_3_05. Check the current official text before relying on it. Not legal advice.