1412 - Disposal or Deduction of Investments Unlawfully Acquired.

NY Ins L § 1412 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(b) In determining the financial condition of any such insurer, the value of any wholly ineligible investments, and the value of any investment in excess of any limitation prescribed in this chapter, shall be deducted as a non-admitted asset of such insurer.