P.R. Laws tit. 26, § 652
(1) For purposes of §§ 648–662 of this title, the worth of an investment acquired or maintained under §§ 648–662 of this title, unless otherwise indicated in this Code, shall be the informed worth of the asset for statutory accounting purposes, as determined according to the procedures indicated in the valuation and accounting standards published by NAIC, including the Purposes and Procedures Manual, the Accounting Practices and Procedures Manual, the Annual Statement Instructions Manual of the SVO, or any valuation procedure officially adopted by NAIC.
(2) In those cases in which the NAIC does not provide for a valuation procedure or a valuation, the investment shall be appraised according to the price determined by the Commissioner as its fair market value.
History —Ins. Code, added as § 6.060 on May 16, 2003, No. 130, § 1.