New York Laws
Article 13 - Assets and Deposits
1318 - Deposits, Securities Eligible.

(b) Such deposit made by a foreign insurer may be in like securities
of its home state if similar domestic insurers doing business in such
state are permitted to deposit therein like securities of this state.
(c) If the aggregate market value of the securities on deposit shall
fall below the required amount, the superintendent may require the
depositing insurer to deposit sufficient additional securities of like
character.

Structure New York Laws