New York Laws
Article 16 - Subsidiaries of Domestic Property/casualty Insurance Companies and Certain Other Entities
1606 - Valuation of Shares of Subsidiary.

ยง 1606. Valuation of shares of subsidiary. In determining the
financial condition of a domestic insurance company, all shares of its
subsidiaries held pursuant to this article shall be valued in accordance
with subsections (c), (f) and (g) of section one thousand four hundred
fourteen of this chapter.