{"data":{"id":"us-mi/mich.-comp.-laws-500.842","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.842","heading":"Valuation of certain securities, stocks, or shares.","body":"Sec. 842.\n\nSecurities, other than those referred to in section 841, held by an insurer shall be valued, in the commissioner's discretion, at their market value, at their appraised value, or at prices determined by the commissioner as representing their fair market value.\n\nPreferred or guaranteed stocks or shares while paying full dividends may be carried at a fixed value in lieu of market value, at the commissioner's discretion and in accordance with a method of valuation as the commissioner may approve.\n\nStock of a subsidiary corporation of an insurer shall not be valued at an amount in excess of the net value of the stock as based upon only those assets of the subsidiary that would be eligible under sections 910 through 947 for the direct investment of the insurer's funds.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-842","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"3c8481daacf09ee66a026f6b143d082ce5180fda6b7c289b25759bc0765c556b","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.841","next":"us-mi/mich.-comp.-laws-500.901"},"notice":"GroundRules: Original legal text. Not legal advice."}