New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 11. Insurance |
Chapter IV. Financial Condition of Insurer and Reports to Superintendent |
Subchapter B. Life Insurers |
Part 96. Surplus Management Account |
Sec. 96.8. Limit on account
Latest version.
- Notwithstanding any other provision of this Part, except to the extent approved by the superintendent, at no time shall the balance of the surplus management account exceed the surplus of the insurance company as reported on its most recent annual statement.