New York Consolidated Laws, Public Health Law - PBH § 4611. Reserves and supporting assets

1. An operator shall maintain reserve liabilities and supporting assets in an amount and for the purposes set forth in a regulation issued by the superintendent of financial services.  Liquid assets must be maintained for the following reserve liabilities:

2. The assets in support of reserve liabilities of subdivision one of this section shall meet quantitative and qualitative standards set forth in regulations issued by the superintendent.