N.Y. Insurance Law Section 1715
Valuation of shares of subsidiaries

In determining the financial condition of a parent corporation, all stock of its subsidiaries (except subsidiaries acquired or held under § 4240 (Separate accounts)section four thousand two hundred forty of this chapter) shall be valued in accordance with subsections (c), (f) and (g) of § 1414 (Valuation of investments)section one thousand four hundred fourteen of this chapter. Stock of subsidiaries acquired or held under § 4240 (Separate accounts)section four thousand two hundred forty of this chapter shall be valued as required by § 4240 (Separate accounts)section four thousand two hundred forty of this chapter.

Source: Section 1715 — Valuation of shares of subsidiaries, https://www.­nysenate.­gov/legislation/laws/ISC/1715 (updated Sep. 22, 2014; accessed Jan. 18, 2025).

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Accessed:
Jan. 18, 2025

Last modified:
Sep. 22, 2014

§ 1715’s source at nysenate​.gov

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