(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.
Structure New York Laws
1401 - Definitions and Rules of General Application.
1402 - Minimum Capital or Minimum Surplus to Policyholder Investments.
1403 - Reserve and Other Investments; Certain Requirements.
1404 - Types of Reserve Investments Permitted for Non-Life Insurers.
1405 - Investments of Life Insurers.
1407 - Non-Reserve and Prohibited Investments for Property/casualty and Certain Other Insurers.
1408 - Acquisition of Insurance Company Shares; Limitations Thereon.
1409 - Limitation of Investments.
1410 - Derivative Transactions and Derivative Instruments.
1411 - Authorization Of, and Restrictions On, Investments.
1412 - Disposal or Deduction of Investments Unlawfully Acquired.
1413 - Investments of Foreign and Alien Insurers.