HARRY HUGHES, Governor                               3621

the property has been so held, and be it further provided
that the admitted values of such properties shall not exceed
their depreciated values.; AND

(III) AN INSURER MAY NOT COUNT TOWARDS ITS
CASH RESERVES ANY MORE THAN THE LESSER OF:

A. 75 PERCENT OF THE INVESTMENT
VALUE OF ANY LIMITED PARTNERSHIP INTEREST; OR

B. 75 PERCENT OF THE CURRENT BOOK
VALUE OF THAT LIMITED PARTNERSHIP INTEREST,

INTERESTS IN PARTNERSHIPS SHALL BE VALUED AT THE ACTUAL
COST OF THE INVESTMENT ADJUSTED BY ANY ADDITIONAL CAPITAL
CONTRIBUTIONS OR CAPITAL WITHDRAWALS. IN MO EVENT SHALL THE
VALUATION OF THE PARTNERSHIP INTEREST EXCEED THE INSURER'S
PROPORTIONATE SHARE OF THE EQUITY OF THE REAL ESTATE ASSET
OWNED BY THE PARTNERSHIP.

The entire reserves of a domestic life insurance
company, as used in this section, shall be the sum of:

Net present value of all outstanding policies in force
(less reinsurance); reserves for accidental death benefits
and total and permanent disability benefits (less
reinsurance); present value of supplementary contracts and
including dividends left with the company to accumulate at
interest; liability on policies cancelled and not included
in "net reserve" upon which a surrender value may be
demanded, and policy claims and losses outstanding; any
additional reserves which may be reasonably required by the
Commissioner on account of such insurance; less amount of
net uncollected and deferred premiums.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1982.

Approved June 1, 1982.

CHAPTER 644

(House Bill 749)

AN ACT concerning

Acupuncture

FOR the purpose of providing for the regulation and
registration by the State Board of Medical Examiners of
individuals performing acupuncture; prohibiting the