New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter IV - Financial Condition Of Insurer and Reports to Superintendent
Subchapter A - Rules of General Application
Part 78 - Evaluation Of Subsidiaries Of Insurance Companies
Section 78.5 - Adjustment; hearings
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 78.5
Current through Register Vol. 46, No. 39, September 25, 2024
The superintendent may, after notice and opportunity to be heard, determine that the basis used for valuation of the stock of any subsidiary does not, under the specific circumstances of the case, reflect the value of the subsidiary and may order either an adjustment in valuation or the use of one of the other specified bases of valuation.
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