OBS_VALUE: NY state:  Unaccredited reinsurers must post collateral in a trust fund of no less than $20 million deposited with a NY bank for domestic cedents to receive credit for reinsurance. The levels of collateral withheld (from 0 to 100 percent) are based on ratings assigned by the Superintendent. To obtain the rating foreign and alien reinsurers must maintain financial ratings from at least two approved rating agencies and maintain at least $250 million in surplus. Reinsurers from jurisdictions not eligible for reduced collateral (for which conditions include reciprocity requirements) must post 100% collateral regardless of ratings. No similar requirements apply to domestic reinsurers.