™Your Policy Risk Impact Agent
0 chapters · 1,072 sections in this title.
N.Y. Insurance Law § 4101 Definitions
1.7K chars
§ 4101. Definitions. In this article: (a) "Basic kinds of insurance" means the kinds of insurance described in the following paragraphs of subsection (a) of section one thousand one hundred thirteen of this chapter numbered therein as set forth in parentheses below: fire (4); bu…
N.Y. Insurance Law § 4102 Powers
3.2K chars
* § 4102. Powers. (a) A property/casualty insurance company may be organized and licensed to write any one or more basic kinds of insurance. (b) A property/casualty insurance company organized and licensed to write any one or more basic kinds of insurance, may be licensed to wri…
N.Y. Insurance Law § 4103 Stock companies; financial requirements
8.3K chars
* § 4103. Stock companies; financial requirements. (a) (1) A stock property/casualty insurance company organized in the manner prescribed in subsection (a) of section one thousand two hundred one of this chapter may be licensed under subsection (e) of section one thousand one hu…
N.Y. Insurance Law § 4104 Deposits
3.5K chars
* § 4104. Deposits. (a) Before being licensed to write one or more of the kinds of insurance defined respectively in the following paragraphs of subsection (a) of section one thousand one hundred thirteen of this chapter: burglary and theft (7), glass (8), boiler and machinery (…
N.Y. Insurance Law § 4105 Domestic stock companies; declaration and payment of dividends
3.6K chars
§ 4105. Domestic stock companies; declaration and payment of dividends. (a) Except as provided in subsection (c) of this section no domestic stock property/casualty insurance company shall declare or distribute any dividend to shareholders except out of earned surplus. Notwithst…
N.Y. Insurance Law § 4106 Stock companies; participating policies
1.1K chars
§ 4106. Stock companies; participating policies. A stock property/casualty insurance company authorized to do business in this state may include in its charter a provision authorizing the board of directors to permit its policyholders from time to time to participate in the prof…
N.Y. Insurance Law § 4107 Domestic mutual companies; financial and other requirements
11.2K chars
* § 4107. Domestic mutual companies; financial and other requirements. (a) (1) A mutual property/casualty insurance company organized in the manner prescribed in subsection (a) of section one thousand two hundred one of this chapter may be licensed pursuant to subsection (e) of …
N.Y. Insurance Law § 4108 Foreign and alien mutual companies; licensing
1.5K chars
§ 4108. Foreign and alien mutual companies; licensing. (a) No foreign or alien mutual property/casualty insurance company shall be granted a license to do business in this state unless it substantially complies with all of the requirements set forth in this chapter for a domesti…
N.Y. Insurance Law § 4109 Mutual companies; special contingent surplus
3.3K chars
§ 4109. Mutual companies; special contingent surplus. (a) A domestic mutual property/casualty insurance company licensed to write any of the kinds of insurance defined respectively in the following paragraphs of subsection (a) of section one thousand one hundred thirteen of this…
N.Y. Insurance Law § 411 Life settlements fraud prevention plans
5.6K chars
§ 411. Life settlements fraud prevention plans. (a) Every life settlement provider shall file with the superintendent a plan for the detection, investigation and prevention of fraudulent life settlement acts in this state and those fraudulent life settlement acts affecting life …
N.Y. Insurance Law § 4110 Domestic mutual companies; expense limits
2.8K chars
§ 4110. Domestic mutual companies; expense limits. (a) No domestic mutual property/casualty insurance company licensed to write a kind of insurance specified in paragraph seven, eight, nine, ten, eleven, thirteen, fourteen, fifteen, sixteen or seventeen of subsection (a) of sect…
N.Y. Insurance Law § 4111 Mutual companies; assessments
4.5K chars
§ 4111. Mutual companies; assessments. (a) Except as provided in section four thousand one hundred thirteen of this article, every domestic mutual property/casualty insurance company shall in its by-laws and policies prescribe the contingent mutual liability of its members for t…
N.Y. Insurance Law § 4112 Mutual companies; protection against assessments
0.7K chars
§ 4112. Mutual companies; protection against assessments. No domestic mutual property/casualty insurance company and no officer or representative thereof shall make any contract whether on behalf of such company or of all or any of its policyholders, whereby the company or the p…
N.Y. Insurance Law § 4113 Mutual companies; non-assessable policies
2.5K chars
* § 4113. Mutual companies; non-assessable policies. (a) Every mutual property/casualty insurance company licensed to do business in this state, if its charter or by-laws permit or are amended to permit the issuance of policies without contingent mutual liability of the policyho…
N.Y. Insurance Law § 4114 Mutual companies; dividends
1.3K chars
§ 4114. Mutual companies; dividends. The board of directors of a mutual property/casualty insurance company may from time to time fix and determine an amount to be declared and paid as a dividend or as a return of unused or unabsorbed premiums or premium deposits on policies, re…
N.Y. Insurance Law § 4115 Certain mutual companies existing prior to January first, nineteen hundred forty
1.4K chars
§ 4115. Certain mutual companies existing prior to January first, nineteen hundred forty. (a) Notwithstanding the provisions of sections four thousand one hundred eleven, four thousand one hundred thirteen and four thousand one hundred fourteen of this article, any domestic mutu…
N.Y. Insurance Law § 4116 Domestic mutual companies; voting rights of members
0.7K chars
§ 4116. Domestic mutual companies; voting rights of members. The charter or by-laws of any domestic mutual property/casualty insurance company may, with the approval of the superintendent pursuant to section one thousand two hundred nine of this chapter, provide for the distribu…
N.Y. Insurance Law § 4117 Loss and loss expense reserves
7.8K chars
§ 4117. Loss and loss expense reserves. (a) In determining the financial condition of any property/casualty insurance company for the purpose of applying the provisions of this chapter, and in any financial statement or report of any such company, there shall be included in the …
N.Y. Insurance Law § 4118 Limitation of risks; fidelity and surety; fire; hospital mutuals
4.8K chars
§ 4118. Limitation of risks; fidelity and surety; fire; hospital mutuals. (a) (1) In applying the limitation of section one thousand one hundred fifteen of this chapter to fidelity and surety risks the net amount of exposure on any one fidelity or surety risk shall, except as pr…
N.Y. Insurance Law § 4119 Foreign and alien companies; license qualification
0.6K chars
§ 4119. Foreign and alien companies; license qualification. No foreign or alien property/casualty insurance company shall be licensed to do business in this state unless it shall have continuously transacted an insurance business in the state or country of its incorporation for …
N.Y. Insurance Law § 4121 Security may be required from banking officers and employees
0.6K chars
§ 4121. Security may be required from banking officers and employees. (a) The board of directors or trustees of each bank, trust company, savings bank or savings and loan associations in this state, may require from each officer and employee thereof an individual fidelity bond i…
N.Y. Insurance Law § 4202 Capital and surplus requirements of life insurance companies
3.0K chars
§ 4202. Capital and surplus requirements of life insurance companies. (a) (1) A stock company may be organized as prescribed in section one thousand two hundred one and subsection (e) of section one thousand one hundred two of this chapter and licensed to do the business of life…
N.Y. Insurance Law § 4203 Transfer of shares of domestic life insurance company
0.4K chars
§ 4203. Transfer of shares of domestic life insurance company. (a) No shareholder of a domestic life insurance company shall vote his shares until the earlier of (i) ten days after written notice of acquisition thereof has been filed with the superintendent, or (ii) one year aft…
N.Y. Insurance Law § 4204 Financial requirements for the organization of stock accident and health insurance companies and stock legal services insurance companies
2.4K chars
§ 4204. Financial requirements for the organization of stock accident and health insurance companies and stock legal services insurance companies. (a) (1) A stock company may be organized in the manner prescribed in section one thousand two hundred one and subsection (e) of sect…
N.Y. Insurance Law § 4205 Life, accident and health, and legal services insurance companies; engaging in other business
0.9K chars
§ 4205. Life, accident and health, and legal services insurance companies; engaging in other business. No life insurance company licensed to do a life insurance business in this state shall do any business other than the kinds of business specified in paragraphs one, two, three,…
N.Y. Insurance Law § 4206 Deposits by life, accident and health, and legal services insurance companies
0.6K chars
§ 4206. Deposits by life, accident and health, and legal services insurance companies. Before being licensed to do business, every domestic life insurance company, every domestic accident and health insurance company and every domestic legal services insurance company shall depo…
N.Y. Insurance Law § 4207 Dividends to shareholders of life, and accident and health insurance companies
8.2K chars
§ 4207. Dividends to shareholders of life, and accident and health insurance companies. (a)(1) For purposes of this subsection, "earned surplus" means an amount equal to an insurer's positive unassigned funds, excluding eighty-five percent of the change in net unrealized capital…
N.Y. Insurance Law § 4208 Financial and additional requirements for the organization of mutual life, accident and health, and legal services insurance companies
4.6K chars
§ 4208. Financial and additional requirements for the organization of mutual life, accident and health, and legal services insurance companies. (a) (1) A mutual insurance company may be incorporated and licensed exclusively to do one or more of the kinds of insurance business sp…
N.Y. Insurance Law § 4209 Mutual life insurance companies, mutual accident and health insurance companies; assessments
4.1K chars
§ 4209. Mutual life insurance companies, mutual accident and health insurance companies; assessments. (a) (1) No domestic mutual life insurance company shall issue any policy of life or accident and health insurance or any annuity contract providing for the payment of any assess…
N.Y. Insurance Law § 4210 Election of directors of domestic mutual life insurance companies
28.8K chars
§ 4210. Election of directors of domestic mutual life insurance companies. (a) (1) The directors of every domestic mutual life insurance company shall be elected in the manner and subject to the regulations prescribed in this section. (2) Every such company shall, in accordance …
N.Y. Insurance Law § 4211 Election of directors of domestic stock life insurance companies
0.9K chars
§ 4211. Election of directors of domestic stock life insurance companies. (a) No election of directors of a domestic stock life insurance company shall be valid unless a copy of the notice of election shall have been filed in the office of the superintendent at least ten days be…
N.Y. Insurance Law § 4212 Stock life insurance companies; voting power of policyholders
1.2K chars
§ 4212. Stock life insurance companies; voting power of policyholders. (a) (1) Any domestic stock life insurance company may, by amendment to its charter, confer upon its policyholders, or upon such of its policyholders as shall have a specified amount of insurance on their live…
N.Y. Insurance Law § 4213 Industrial life insurance
2.6K chars
§ 4213. Industrial life insurance. (a) In this chapter "industrial life insurance" means that form of life insurance, either: (1) under which the premiums are payable weekly, or (2) under which the premiums are payable monthly or oftener, but less often than weekly, if the face …
N.Y. Insurance Law § 4214 Industrial accident and industrial health insurance
1.2K chars
§ 4214. Industrial accident and industrial health insurance. (a) In this chapter: (1) "Industrial accident insurance" means that form of accident insurance wherein the premium is payable in the manner prescribed in subsection (a) of section four thousand two hundred thirteen of …
N.Y. Insurance Law § 4215 Contracts with industrial life insurance agents; prohibitions
1.4K chars
§ 4215. Contracts with industrial life insurance agents; prohibitions. (a) No life insurance company licensed to do business in this state shall make any contract with any agent, superintendent or other representative employed in this state which provides: (1) That the company s…
N.Y. Insurance Law § 4216 Group life insurance; premium requirements; notice of conversion; filing of compensation
46.9K chars
§ 4216. Group life insurance; premium requirements; notice of\nconversion; filing of compensation. (a) (1) In this chapter:\n (A) "Group life insurance" means that form of life insurance covering\nany one of the groups specified in subsection (b) hereof, which is\nwritten under …
N.Y. Insurance Law § 4217 Valuation of insurance policies and contracts
69.7K chars
§ 4217. Valuation of insurance policies and contracts. (a) (1) The\nsuperintendent shall annually value, or cause to be valued, the reserve\nliabilities (hereinafter called reserves) for all outstanding insurance\npolicies and contracts of every life insurance company doing busi…
N.Y. Insurance Law § 4218 When actual premium is less than net premium; minimum reserve
2.8K chars
§ 4218. When actual premium is less than net premium; minimum reserve. (a) (1) When the actual premium or consideration charged for life insurance under any life insurance policy, issued by any life insurance company doing business in this state, is less than the modified net pr…
N.Y. Insurance Law § 4219 Limitation on accumulation of surplus of life insurance companies
4.1K chars
§ 4219. Limitation on accumulation of surplus of life insurance companies. (a) (1) Any domestic mutual life insurance company may maintain a surplus, above all of its reserves and liabilities required or specifically permitted by this chapter, not exceeding the greatest of (A) e…
N.Y. Insurance Law § 4220 Life insurance and annuities; nonforfeiture benefits under defaulted contracts
9.1K chars
§ 4220. Life insurance and annuities; nonforfeiture benefits under\ndefaulted contracts. (a) (1) This section shall apply only to those\npolicies and contracts issued prior to the operative date specified in\nsection four thousand two hundred twenty-one of this article.\n (2) Ex…
N.Y. Insurance Law § 4221 Standard nonforfeiture law
63.1K chars
§ 4221. Standard nonforfeiture law. (a) In the case of policies issued\non or after the operative date of this section as defined in subsection\n(p) hereof, no policy of life insurance, except as stated in subsection\n(o) hereof, shall be delivered or issued for delivery in this…
N.Y. Insurance Law § 4222 Policy loans
1.4K chars
§ 4222. Policy loans. The policy loan value referred to in paragraph\neight of subsection (a) of section three thousand two hundred three of\nthis chapter shall be the cash surrender value at the end of the current\npolicy year calculated in accordance with the provisions of:\n …
N.Y. Insurance Law § 4223 Standard nonforfeiture law for annuities
28.5K chars
§ 4223. Standard nonforfeiture law for annuities. (a) (1) In the case\nof contracts issued on or after the operative date of this section, no\ncontract of annuity, except as provided in subsection (b) of this\nsection, shall be delivered or issued for delivery in this state unle…
N.Y. Insurance Law § 4224 Life, accident and health insurance; discrimination and rebating; prohibited inducements and interdependent sales
8.0K chars
§ 4224. Life, accident and health insurance; discrimination and rebating; prohibited inducements and interdependent sales. (a) No life insurance company doing business in this state and no savings and insurance bank shall: (1) make or permit any unfair discrimination between ind…
N.Y. Insurance Law § 4225 Domestic life insurance companies; discrimination as to brokers
0.6K chars
§ 4225. Domestic life insurance companies; discrimination as to brokers. No officer, trustee or director of a domestic life insurance company shall direct or require a borrower from the life insurance company on mortgage to negotiate any policy of insurance on the mortgaged prop…
N.Y. Insurance Law § 4226 Misrepresentations, misleading statements and incomplete comparisons by insurers
3.2K chars
§ 4226. Misrepresentations, misleading statements and incomplete comparisons by insurers. (a) No insurer authorized to do in this state the business of life, or accident and health insurance, or to make annuity contracts shall: (1) issue or circulate, or cause or permit to be is…
N.Y. Insurance Law § 4228 Life insurance and annuity business; limitations of expenses
65.5K chars
§ 4228. Life insurance and annuity business; limitations of expenses.\n(a) The provisions of this section shall apply to all domestic life\ninsurance companies and to all foreign and alien life insurance\ncompanies doing business in this state, but not the alien branches of\nsuc…
N.Y. Insurance Law § 4230 Salaries and pensions to officers and employees
2.8K chars
§ 4230. Salaries and pensions to officers and employees. (a) No domestic life insurance company shall pay any salary, compensation or emolument in any amount to any officer, deemed by a committee or committees of the board to be a principal officer pursuant to subsection (b) of …
N.Y. Insurance Law § 4231 Policyholder's participation in surplus of life insurance companies
22.1K chars
§ 4231. Policyholder's participation in surplus of life insurance\ncompanies. (a) (1) Except as herein otherwise provided, every domestic\nlife insurance company shall ascertain and distribute annually, and not\notherwise, the proportion of any surplus accruing upon every\nparti…
N.Y. Insurance Law § 4232 Amounts credited on certain contracts or life insurance policies
2.7K chars
§ 4232. Amounts credited on certain contracts or life insurance\npolicies. (a) (1) If any contract subject to section four thousand two\nhundred twenty-three of this article, provides for additional amounts to\nbe credited to the contract during any period in accordance with the…