The value of the capital stock shown in the stock life insurance company’s statutory basis...

The stated value per share is used (or liquidation value, for no-par preferred capital stock)

The Total value of shares is used (or liquidation value, for par preferred capital stock)

The market value per share is used (or liquidation value, for no-par preferred capital stock)

Capital stock may be sold to the public for an amount greater than par or stated value