New York Insurance Law Article 13 - ASSETS AND DEPOSITS

• 1301 - Admitted Assets.
  (a) In determining the financial condition of a domestic or foreign insurer or the United States branch of an alien insurer for the purposes of...
• 1302 - Assets Not Admitted.
  (a) In addition to assets not admitted pursuant to section one thousand three hundred one of this article, the following shall not be allowed as...
• 1303 - Loss or Claim Reserves.
  Every insurer shall, except as provided in section one thousand three hundred four of this article and subject to specific provisions of this chapter, maintain...
• 1304 - Valuation Reserves.
  Every insurer authorized under this chapter to transact the kinds of insurance specified in paragraph one, two or three of subsection (a) of section one...
• 1305 - Unearned Premium Reserves.
  (a) Every authorized insurer shall, except as to reserves required under section one thousand three hundred four of this article and subject to paragraph nine...
• 1306 - Miscellaneous Liabilities.
  In addition to liabilities and reserves on contracts of insurance issued by it, every insurer shall be charged with the estimated amount of all its...
• 1307 - Contingent Liability for Borrowings.
  (a) Any domestic stock, mutual or co-operative insurance company or reciprocal insurer may, without pledging any of its assets, receive advances or borrow funds to:...
• 1308 - Reinsurance, When Permitted; Effect on Reserves.
  (a) (1) Any authorized insurer, hereinafter called the "ceding insurer", may, subject to the limitations of this chapter, reinsure its risks and policy liabilities in...
• 1309 - Insolvency of an Insurer.
  (a) Whenever the superintendent finds from a financial statement or report on examination that an authorized insurer is unable to pay its outstanding lawful obligations...
• 1310 - Impairment of a Stock Insurer.
  (a) Whenever the superintendent finds from a financial statement, or a report on examination, of any domestic stock insurer that (i) the admitted assets are...
• 1311 - Impairment of a Mutual or Reciprocal Insurer.
  (a) In this section "required surplus" includes any guaranty surplus or special contingent surplus or other specifically reserved surplus account of a domestic mutual insurer,...
• 1312 - Trusteed Surplus of Alien Insurers; Impairment.
  (a) (1) In addition to other requirements of this chapter every authorized alien insurer shall, not later than the first day of March in each...
• 1313 - Contents of Advertisements and Other Public Announcements Concerning Financial Condition of Insurers.
  (a) (1) Except as provided in subsection (g) hereof or permitted by regulation, every advertisement or other public announcement published, issued or distributed in this...
• 1314 - Deposits; Custody, Beneficiaries, Exchanges, Inspection and Income.
  (a) (1) The superintendent shall be the official custodian of all deposits of securities required or authorized by the provisions of this chapter, unless otherwise...
• 1315 - Trusteed Assets of Alien Insurers.
  (a) Whenever a licensed alien insurer is required or permitted by this chapter to deposit assets with a trustee or trustees for the security of...
• 1316 - Voluntary Deposits.
  The superintendent may receive from any authorized insurer a deposit required by or pursuant to the laws of another state as a prerequisite to doing...
• 1317 - Release of Deposits.
  (a) (1) In this section, "release of deposits" means the transfer and delivery by the superintendent of deposited securities to the depositing insurer at its...
• 1318 - Deposits, Securities Eligible.
  (a) Except as otherwise provided in this chapter, every deposit made with the superintendent shall be in the securities specified in paragraphs one and two...
• 1319 - Deposits by Foreign Insurers.
  (a) Every foreign insurer doing business in this state shall keep on deposit with the superintendent, or with the state officer of its home state...
• 1320 - Deposits by Alien Insurers; Statutory Deposits.
  (a) No alien insurer authorized to do an insurance business in this state shall do such business unless it shall have securities deposited (for the...
• 1321 - Commutation of Reinsurance Agreements.
  (a) If the superintendent finds that a domestic insurer or a United States branch of an alien insurer entered through this state is impaired or...
• 1322 - Risk-Based Capital for Life Insurance Companies, Accident and Health Insurance Companies, Corporations Organized Pursuant to Article Forty-Three of This Chapter, and Certain Health Maintenance Organizations.
  (a) Definitions. In this section: (1) "Adjusted RBC report" means a RBC report which has been adjusted by the superintendent in accordance with paragraph three...
• 1323 - Issuance of Capital Notes by Domestic Life Insurance Companies
  1323. Issuance of capital notes by domestic life insurance companies. (a) A domestic life insurance company may at any time or from time to time...
• 1324 - Risk-Based Capital for Property/casualty Insurance Companies.
  (a) Definitions. In this section: (1) "Adjusted RBC report" means an RBC report which has been adjusted by the superintendent in accordance with paragraph two...
• 1325 - Exemption.
  For the purposes of exempting certain insurance companies from the provisions of section one thousand three hundred twenty-four of this article, the superintendent shall exempt,...

Last modified: February 3, 2019