State Codes and Statutes

Statutes > New-york > Isc > Article-42 > 4206

§  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  deposit  with  the  superintendent  at least one hundred thousand  dollars in securities eligible for  deposits,  except  that  every  such  company  initially  licensed  on  or  after July first, nineteen hundred  eighty-two shall make a deposit with the superintendent at  least  equal  to two hundred percent of the amount required hereinabove.

State Codes and Statutes

Statutes > New-york > Isc > Article-42 > 4206

§  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  deposit  with  the  superintendent  at least one hundred thousand  dollars in securities eligible for  deposits,  except  that  every  such  company  initially  licensed  on  or  after July first, nineteen hundred  eighty-two shall make a deposit with the superintendent at  least  equal  to two hundred percent of the amount required hereinabove.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Isc > Article-42 > 4206

§  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  deposit  with  the  superintendent  at least one hundred thousand  dollars in securities eligible for  deposits,  except  that  every  such  company  initially  licensed  on  or  after July first, nineteen hundred  eighty-two shall make a deposit with the superintendent at  least  equal  to two hundred percent of the amount required hereinabove.