# WAC 284-13-210: WAC 284-13-210. Valuation of bonds

> Washington · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_210

## Section

- **Citation:** WAC 284-13-210
- **Heading:** WAC 284-13-210. Valuation of bonds
- **Jurisdiction:** Washington
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Washington Administrative Code / Title 284 / Chapter 284-13 / Section 284-13-210

## Text

All bonds or other evidences of debt having a fixed term and rate of interest held by an insurer may, if amply secured and not in default as to principal or interest, be valued as follows:
(1) If purchased at par, at the par value.
(2) If purchased above or below par, on the basis of the purchase price adjusted so as to bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made, or in lieu of such method, according to such accepted method of valuation as is approved by the commissioner.
(3) Purchase price shall in no case be taken at a higher figure than the actual market value at the time of purchase, plus actual brokerage, transfer, postage, or express charges paid in the acquisition of such bonds or other evidences of debt.
(4) No method of valuation shall be inconsistent with any applicable valuation or method used by insurers in general, or any such method then currently formulated or approved by the National Association of Insurance Commissioners or its successor organization.

## Nearby sections

- [WAC 284-13-160 WAC 284-13-160. Definition of "earned surplus."](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_160.md)
- [WAC 284-13-210 WAC 284-13-210. Valuation of bonds](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_210.md)
- [WAC 284-13-220 WAC 284-13-220. Valuation of other securities](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_220.md)
- [WAC 284-13-280 WAC 284-13-280. Real estate appraisals](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_280.md)
- [WAC 284-13-500 WAC 284-13-500. Purpose](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_500.md)
- [WAC 284-13-503 WAC 284-13-503. Severability clause](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_503.md)
- [WAC 284-13-510 WAC 284-13-510. Credit for reinsurance — Reinsurer holding certificate of authority in this state](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_510.md)
- [WAC 284-13-516 WAC 284-13-516. Credit for reinsurance — Accredited reinsurers](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_516.md)
- [WAC 284-13-517 WAC 284-13-517. Credit for reinsurance — Reinsurer domiciled in another state](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_517.md)
- [WAC 284-13-520 WAC 284-13-520. Credit for reinsurance — Certain reinsurers maintaining trust funds](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_520.md)
- [WAC 284-13-530 WAC 284-13-530. Credit for reinsurance — Certain alien reinsurers maintaining trust funds — Single alien insurer](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_530.md)
- [WAC 284-13-531 WAC 284-13-531. Credit for reinsurance — Certain alien reinsurers maintaining trust funds — Assuming insurer discontinuing business](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_531.md)
- [WAC 284-13-532 WAC 284-13-532. Credit for reinsurance — Certain alien reinsurers maintaining trust funds — Group of incorporated and individual unincorporated underwriters](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_532.md)
- [WAC 284-13-533 WAC 284-13-533. Credit for reinsurance — Certain alien reinsurers maintaining trust funds — Group of incorporated insurers under common administration](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_533.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_210. Check the current official text before relying on it. Not legal advice.