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 97. Market Value Separate Accounts Funding Guaranteed Benefits; Separate Accounts Operations and Reserve Requirements |
Sec. 97.7. Mandatory securities valuation reserve
Latest version.
- When the insurance company values separate account assets at market and complies with the asset maintenance requirements of section 97.5 of this Part, it need not maintain an asset valuation reserve or an interest maintenance reserve with respect to such assets.