New York Laws
Article 13 - Assets and Deposits
1302 - Assets Not Admitted.

(1) Trade names, agency plants and other like intangible assets.
(2) Prepaid or deferred charges for expenses except as provided in
paragraph sixteen of subsection (a) of section one thousand three
hundred one of this article, and commissions paid by the insurer.
(3) Advances to officers (except policy loans), whether secured or
not, and advances to employees, agents and other persons on personal
security only.
(4) Shares of such insurer, owned by it, or any equity therein or
loans secured thereby, or any proportionate interest in such shares
through the ownership by such insurer of an interest in another firm,
corporation or business unit.
(5) Tangible personal property, fixtures and printed matter except
such as an insurer is permitted to hold pursuant to paragraph five of
subsection (a) of section one thousand four hundred four of this
chapter.
(6) Items of bank credits representing checks, drafts or notes
returned unpaid after the date of statement.
(7) The amount, if any, by which the aggregate book value of
investments as carried in the ledger assets of such insurer exceeds the
aggregate value thereof as determined in accordance with the provisions
of this chapter.
(b) All non-admitted assets and all other assets of doubtful value or
character included as ledger or non-ledger assets in any statement by an
insurer to the superintendent, or in any examiner's report to him, shall
also be reported, to the extent of the value disallowed, as deductions
from the gross assets of such insurer except where the superintendent
permits a reserve to be carried among the liabilities of such insurer in
lieu of any such deduction.