New York Insurance Law Article 14 - INVESTMENTS

• 1401 - Definitions and Rules of General Application.
  (a) In this article: (1) "Invested assets" means the admitted assets of an insurer that conform to the requirements of paragraphs one and two of...
• 1402 - Minimum Capital or Minimum Surplus to Policyholder Investments.
  (a) Before investing its funds in any other investments, every domestic insurer shall invest and maintain an amount equal to the greater of the minimum...
• 1403 - Reserve and Other Investments; Certain Requirements.
  (a) If the requirements of section one thousand four hundred two of this article are met: (1) any domestic life insurance company may invest its...
• 1404 - Types of Reserve Investments Permitted for Non-Life Insurers.
  (a) In addition to the investments specified in subsection (b) hereof, but excluding any investment prohibited by the provisions of paragraph one, three, four, six,...
• 1405 - Investments of Life Insurers.
  (a) The assets of a domestic insurer that is authorized to make investments under this section may be invested in the following types of investments,...
• 1406 - Policy Loans.
  (a) Any life insurance company may lend to any policyholder upon the security of the value of his policy a sum not exceeding the legal...
• 1407 - Non-Reserve and Prohibited Investments for Property/casualty and Certain Other Insurers.
  (a) Any insurer that makes investments under the authority of subsection (c) of section one thousand four hundred three of this article and meets the...
• 1408 - Acquisition of Insurance Company Shares; Limitations Thereon.
  (a) Any insurer which makes investments under the authority of subsection (c) of section one thousand four hundred three of this article and which meets...
• 1409 - Limitation of Investments.
  (a) Except as more specifically provided in this chapter, no domestic insurer shall have more than ten percent of its admitted assets as shown by...
• 1410 - Derivative Transactions and Derivative Instruments.
  (a) For purposes of this section, except subsection (k) of this section, an insurer shall mean a domestic life insurer, a domestic property/casualty insurer, a...
• 1411 - Authorization Of, and Restrictions On, Investments.
  (a) No domestic insurer shall make any loan or investment, except as provided in subsection (h) hereof, unless authorized or approved by its board of...
• 1412 - Disposal or Deduction of Investments Unlawfully Acquired.
  (a) Every domestic insurer shall forthwith dispose of any investment acquired in violation of the law in force at the date of acquisition. (b) In...
• 1413 - Investments of Foreign and Alien Insurers.
  (a) The superintendent may refuse a new or renewal license to any foreign insurer, if he finds that its investments do not comply in substance...
• 1414 - Valuation of Investments.
  (a) (1) All obligations having a fixed term and rate of interest and held by any life insurance company or fraternal benefit society authorized to...
• 1415 - Investments of Domestic Insurers in Persons Included on List of Persons Engaged in Investment Activities in Iran Treated As Nonadmitted Assets.
  1. As used in this section, the following definitions shall apply: (a) "Iran" shall have the same definition as used in section one hundred sixty-five-a...

Last modified: February 3, 2019