WVC 33 - 8 - 7
§33-8-7. Valuation of investments.
For the purposes of this article, the value or amount of an
investment acquired or held, or an investment practice engaged in,
under this article, unless otherwise specified in this code, is the
value at which assets of an insurer are required to be reported for
statutory accounting purposes as determined in accordance with
procedures prescribed in published accounting and valuation
standards of the NAIC, including the purposes and procedures of the
securities valuation office, the valuation of securities manual,
the accounting practices and procedures manual, the annual
statement instructions or any successor valuation procedures
officially adopted by the NAIC.
Note: WV Code updated with legislation passed through the 2012 1st Special Session