N.Y. Insurance Law § 1715: Valuation of shares of subsidiaries

§ 1715. Valuation of shares of subsidiaries. In determining the

financial condition of a parent corporation, all stock of its

subsidiaries (except subsidiaries acquired or held under section four

thousand two hundred forty of this chapter) shall be valued in

accordance with subsections (c), (f) and (g) of section one thousand

four hundred fourteen of this chapter. Stock of subsidiaries acquired or

held under section four thousand two hundred forty of this chapter shall

be valued as required by section four thousand two hundred forty of this

chapter.