Statute · New York Public Health Law
N.Y. Pub. Health Law § 4611 — Reserves and supporting assets
N.Y. Pub. Health Law § 4611
- Type
- Statute
- Source
- New York Public Health Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 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:
Citator
N.Y. Pub. Health Law § 4611 — Reserves and supporting assets is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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:
a. Principal and interest payments and payments for taxes and insurance for up to twelve months;
b. Total estimated operating costs for up to six months as set by the superintendent;
c. Repairs and replacements for up to twelve months; and
d. In addition, the amount of liquid assets must meet any cash flow requirements and conditions as set forth in a regulation.
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.