N.Y. Ins. Law § 1316
Current through 2024 NY Law Chapter 443
The superintendent may receive from any authorized insurer a deposit required by or pursuant to the laws of another state as a prerequisite to doing business in such other state, and may also receive from any insurer any additions to its deposits which are reasonably necessary to maintain the aggregate value of such deposit at least equal to the amount required.
N.Y. Ins. Law § 1316