reglab/housing_qa huggingface dataset:
NY Ins L § 4212 (2021)
2021 New York Laws ISC - Insurance Article 42 - Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies 4212 - Stock Life Insurance Companies; Voting Power of Policyholders.

§ 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 lives, the right to vote for all or any less number of directors of such company in a manner not inconsistent with this chapter.  (2)  Such  amendment  shall  take  effect   upon   approval   by   the superintendent.  The  superintendent  may give such approval if he finds that the proposed change is in conformity with the requirements  of  law and  that  the  representation  of  policyholders  therein  conferred is equitable and reasonable.  (3) If the right to vote for all of the directors of such  company  is conferred  upon such policyholders, then the election of directors shall thereafter be governed by the provisions of subsection  (e)  of  section four thousand two hundred ten of this article.  (b)  This  section  shall  not  apply  to  any  such company which has conferred voting power upon policyholders pursuant to any  previous  law effective  before  January first, nineteen hundred forty, but the voting rights of such policyholders shall  continue  to  be  governed  by  such previous law.
NY Ins L § 4213 (2021)
2021 New York Laws ISC - Insurance Article 42 - Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies 4213 - Industrial Life Insurance.

§  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 amount of insurance provided in any such policy is less than one thousand dollars and if  the  words  "industrial policy" are printed upon the policy as a part of the descriptive matter.  (b)  (1)  No  insurer or fraternal benefit society doing in this state the business of industrial life insurance shall  deliver  or  issue  for delivery  in  this  state,  and  no  agent or representative of any such company or society shall aid in so issuing or delivering, any policy  of weekly  premium industrial life insurance on the life of a person of the age, as determined  by  next  birthday,  of  ten  years  or  more,  with knowledge  that  the  amount of such policy, together with the amount of all other policies of weekly premium industrial life insurance  then  in force  as  premium  paying insurance on the life of such person, exceeds one thousand dollars but nothing contained in this section shall  affect the  validity  or  enforceability,  in accordance with its terms, of any such policy.  (2) The amounts of weekly premium industrial life  insurance  referred to   in  this  subsection  shall  not  include  dividend  additions  nor additional  amounts  payable  under  provisions  for  accidental   death benefits.  (3)  Any rules or regulations of any such insurer or fraternal benefit society, which are designed to limit the amount of insurance, as  herein provided, shall be filed with the superintendent.  (c) No authorized life insurance company, including a cooperative life and  accident  insurance  company  and  no  authorized fraternal benefit society, shall deliver or issue for delivery in this state any policy or contract  of  industrial  life  insurance  in  the  form  of   endowment insurance.  (d)  Notwithstanding  the  provisions  of  subsection  (c) hereof, any domestic life insurance company or fraternal benefit society  may  issue in  this  state  for delivery outside of this state through its agent or like representative in another state or foreign country  any  policy  of industrial  life  insurance,  in  the form of endowment insurance, which insures the life of a non-resident  of  this  state  and  which  is  not prohibited by the laws of such other state or foreign country.  (e) Notwithstanding the foregoing provisions, on and after June first, nineteen hundred eighty, no policy of industrial life insurance shall be delivered or issued for delivery in this state.
NY Ins L § 4214 (2021)
2021 New York Laws ISC - Insurance Article 42 - Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies 4214 - Industrial Accident and Industrial Health Insurance.

§  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  this article,  covering such risks as death, dismemberment, loss of eyesight, or loss of time, as a result of accidental means.  (2) "Industrial health insurance" means that form of health  insurance wherein  the  premium  is payable in the manner prescribed in subsection (a) of section four thousand  two  hundred  thirteen  of  this  article, covering such risk as loss of time caused by illness or sickness.  (b) Notwithstanding the foregoing provisions, on and after June first, nineteen  hundred  eighty, no policy designated or sold as an industrial accident insurance  or  industrial  health  insurance  policy  shall  be delivered  or issued for delivery in this state; provided, however, that this prohibition shall not prevent the delivery or issuance for delivery of a policy approved by the superintendent where the premium is  payable weekly  or  monthly and such policy is approvable under other provisions of this chapter.
NY Ins L § 4215 (2021)
2021 New York Laws ISC - Insurance Article 42 - Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies 4215 - Contracts With Industrial Life Insurance Agents; Prohibitions.

§ 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 shall charge against the past, present or future compensation of  the  agent,  superintendent  or  other  representative, either  salary  or  commission,  any  sum  of  money  as a result of the surrender for cash of any industrial policy by any policyholder;  (2) That the company shall charge against the past, present or  future compensation  of  the  agent,  superintendent  or  other representative, either salary or commission, any sum of money as a result of  the  lapse of  any  industrial  policy  that  has  been in force for three years or longer.  (b) The provisions of subsection (a) hereof  shall  not  prohibit  the company  from  contracting  with  its  agents,  superintendents or other representatives,  to  charge  any   agent,   superintendent   or   other representative, a sum not exceeding the commission on any policy written by  the agent, superintendent or other representative on the life of any person, or any relative sharing  the  home  with  the  person,  who  has terminated  a policy of the company not more than three months before or who terminates such a policy within three months after  the  policy  was written.
NY Ins L § 4222 (2021)
2021 New York Laws ISC - Insurance Article 42 - Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies 4222 - Policy Loans.

§  4222.  Policy loans. The policy loan value referred to in paragraph eight of subsection (a) of section three thousand two hundred  three  of this chapter shall be the cash surrender value at the end of the current policy year calculated in accordance with the provisions of:  (a) Subsection (a) of section four thousand two hundred twenty of this article,  for  policies issued before the operative date of section four thousand two  hundred  twenty-one  of  this  article,  except  that  any dividends  credited to the policy need not be included and such policies may provide that the company may defer any such loan for  not  exceeding six months after receipt of the loan application;  (b)  Section four thousand two hundred twenty-one of this article, for policies issued on or after the operative date of such  section,  except that  the  policy loan value for a policy under which any cash surrender value is adjusted in accordance with a market-value  adjustment  formula shall be a percentage (not less than seventy-five percent) of the sum of (1)  the amount of any loan outstanding and (2) the remaining portion of the cash surrender value as so adjusted at the time the loan is  applied for,  but,  if  the  policy  so  provides,  not  in  excess of such cash surrender value before adjustment. The company shall reserve  the  right to defer any such loan, except when made to pay premiums, for six months after receipt of the loan application.
NY Ins L § 4225 (2021)
2021 New York Laws ISC - Insurance Article 42 - Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies 4225 - Domestic Life Insurance Companies; Discrimination as to Brokers.

§  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  property  through any particular insurance broker, or attempt   to divert to any particular insurance broker the patronage of  borrowers   from  the life insurance company, or refuse to accept any such insurance   policy because it was not  negotiated  through  a  particular  insurance   broker.
NY Ins L § 4230 (2021)
2021 New York Laws ISC - Insurance Article 42 - Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies 4230 - Salaries and Pensions to Officers and Employees.

§  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 section one thousand two hundred two of this chapter, or  to  any salaried employee of the company if the level of compensation to be paid to such employee is equal to, or greater than, the compensation received by any of its principal officers, or to any trustee or director thereof, unless  such  payment  be  first  authorized  by  a vote of the board of directors of such company.  (b) (1) No such company shall make  any  agreement  with  any  of  its officers  or  salaried employees whereby it agrees that for any services rendered or  to  be  rendered  he  or  she  shall  receive  any  salary, compensation  or  emolument  that  will  extend beyond a period of sixty months from the date of such  agreement,  except  that  payment  of  the salary  or other compensation of any of its officers or employees, other than a mechanic, worker or laborer, may by written contract be  deferred beyond   such  period  of  sixty  months,  which  contract  may  include conditions to be met by such officer or employee before payment will  be made.  (2)  Paragraph  one of this subsection shall not apply to contracts by the company with its agents for the payment of  first  year  or  renewal commissions  and  additional  compensation  as  provided in section four thousand two hundred twenty-eight of this article.  (3) Paragraph one of this subsection shall not apply to any  long-term incentive  compensation  plan offered to any officer or employee of such company which has been approved by the board of directors, is  based  in whole  or  in  part upon the financial performance of the company and is submitted for informational purposes to the superintendent prior to  its implementation.  (c)  No  principal  officer  or  employee  of  the  class described in subsection (a) hereof who is  paid  a  salary  for  his  services  shall receive  any  other  compensation, bonus or emolument from such company, directly or indirectly, except in accordance with a plan recommended  by a  committee  of  the  board  pursuant  to subsection (b) of section one thousand two hundred two of this chapter and approved by  the  board  of directors.  (d) No such company shall grant any pension to any officer, trustee or director  thereof or to any member of his family after his death, except that such company may pursuant to the terms of a retirement plan adopted by the board of directors of such company, provide for any person who is or has been a salaried officer or employee of such  company,  a  pension payable  at  the  time of his retirement by reason of age or disability, and also life insurance benefits payable at his death.
NY Ins L § 4232 (2021)
2021 New York Laws ISC - Insurance Article 42 - Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies 4232 - Amounts Credited on Certain Contracts or Life Insurance Policies.

§  4232.  Amounts  credited  on  certain  contracts  or life insurance policies. (a) (1) If any contract subject to section four  thousand  two hundred twenty-three of this article, provides for additional amounts to be  credited  to  the  contract during any period in accordance with the provisions of paragraph one of subsection (g) of section  four  thousand two  hundred  thirty-one of this article, then any additional amounts to be so credited must be determined for  each  year  during  such  period. Except  as otherwise provided in the contract in accordance with section four thousand two hundred twenty-three of this article, the total amount so credited shall be available to the contract holder upon surrender  of the contract for its cash surrender benefits.  (2)  No such additional amounts shall be guaranteed or credited except upon: (i) reasonable assumptions as to investment income, mortality, and expenses; (ii) a basis equitable to all  contract  holders  of  a  given class;  and (iii) written criteria approved by the board of directors of the company or a committee thereof.  (3) Any  such  additional  amounts  credited  under  a  group  annuity contract for which certificates are subject to section four thousand two hundred   twenty-three  of  this  article  shall  be  credited  to  such certificates.  (b) (1) Any individual life  insurance  policy  may  provide  that  in addition  to  any  minimum benefits guaranteed in the policy, additional amounts may be credited to the policy.  (2) No such additional amounts shall be guaranteed or credited  except upon   reasonable   assumptions  as  to  investment  income,  mortality, persistency, and expenses. The declaration of such additional amounts by an insurer must be made prospectively; no such additional amounts  shall be  credited  retroactively  to  apply  to  any  period  prior  to  such declaration.  (3) Such additional amounts are required to be credited to any policy, providing for the crediting of additional amounts, while continued under a reduced paid-up insurance option, with respect to the period after the termination or lapse of such policy by reason of default in  payment  of any  premium,  installment or interest on any policy loan and before the reinstatement of such policy, if it is reinstated.  However, an  insurer may  use  reasonable  assumptions  as  to  investment income, mortality, persistency, and expenses which differ from  the  assumptions  used  for policies in force on a premium paying basis.  (4) Any such additional amounts shall be credited on a basis equitable to  all  policyholders  of  a  given class and shall be based on written criteria approved by  the  board  of  directors  of  the  company  or  a committee thereof.
NY Ins L § 4237-A (2021)
2021 New York Laws ISC - Insurance Article 42 - Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies 4237-A - Stop-Loss Insurance.

§  4237-a.  Stop-loss  insurance.  (a) An insurer authorized to do the business of accident and health insurance in this  state  and  a  health service  corporation organized under article forty-three of this chapter shall be authorized to issue stop-loss insurance  as  provided  in  this section.  (b)  "Stop-loss  insurance"  means  an  insurance  policy  whereby the insurer agrees to  pay  claims  or  indemnify  an  employer  for  losses incurred  under a self-insured employee benefit plan or a student health plan as authorized by section one thousand one  hundred  twenty-four  of this  chapter  in  excess of specified loss limits for individual claims and/or for all claims combined, or any similar arrangement.  (c) A stop-loss insurance policy delivered, issued  for  delivery,  or entered into in this state shall clearly describe:  (1) the entire money or other consideration for the policy;  (2) the time at which the insurance takes effect and terminates;  (3) the specified per-claim, per-employee or, in the case of a student health  plan  under section one thousand one hundred twenty-four of this chapter, per student, or aggregate amount of claims above which  payment or reimbursement is to be made by the insurer; and  (4)  the  payments  to  be  made  by  the  insurer  once the specified stop-loss thresholds have been exceeded.  (d) No stop-loss insurance contract shall  be  issued  or  renewed  if issuance  of  the policy would be prohibited by section two thousand six hundred thirteen, three thousand two hundred thirty-one,  four  thousand three  hundred  seventeen  or four thousand three hundred twenty of this chapter.  (e) The superintendent may promulgate such rules  and  regulations  he deems  necessary  or  desirable  to establish financial requirements and standards for the form  and  content  of  stop-loss  insurance  policies authorized by this section.
NY Ins L § 4239 (2021)
2021 New York Laws ISC - Insurance Article 42 - Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies 4239 - Allocation and Reporting of Income and Expenses of Life Insurers.

§  4239.  Allocation  and  reporting  of  income  and expenses of life insurers. (a)  In  order  to  enable  the  superintendent  to  determine compliance  with  this  chapter,  he  may  issue  reasonable regulations prescribing  standards  for  the  equitable  allocation  of  income  and expenses  as  among lines of business and as between investment expenses and insurance expenses. No such regulation or amendment thereto shall be promulgated except upon notice to all  insurers  affected  thereby,  and after  hearing.  Such regulation or amendment shall not preclude the use of other reasonable and equitable standards previously approved  by  the superintendent. He may also promulgate regulations defining the items of income and expenses to be reported in each line of the annual statement. Any  regulation  or  amendment thereto shall be promulgated at least six months before the beginning of the calendar year in which the same shall take effect.  (b) The restrictions in subsection (a) hereof as to  notice,  hearing, and  effective  period shall not apply to such regulations or amendments as may be approved by the superintendent for calendar years as to  which similar  regulations  or  amendments  have  been adopted by the National Association of Insurance Commissioners.  (c) If the superintendent finds, after notice and  hearing,  that  any such insurer has failed to comply with the requirements of this section, he  may  order  such  insurer  to  change its methods of reporting or to modify its basis of allocation so as to produce reasonable and equitable results.
NY Ins L § 4241 (2021)
2021 New York Laws ISC - Insurance Article 42 - Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies 4241 - Penalty for Violation of Filing Requirements.

§  4241.  Penalty  for  violation  of  filing  requirements.  (a)  Any authorized insurer, representative of such insurer,  licensed  insurance agent  or  licensed  insurance  broker  wilfully  violating  any  of the provisions of this article or of articles thirty-one  or  thirty-two  of this  chapter  relating  to  filings  of  life,  accident and health and annuity contract forms, premium rates, rules, classification  of  risks, and  commissions, compensation or other fees or allowances to agents and brokers pertaining to the solicitation or sale of such insurance and  of fees  or  allowances  to  any  individuals,  firms  or  corporations for services pertaining to the  service  or  administration  of  such  group insurance and annuity contracts, shall, in addition to any other penalty provided  by  law, be liable for a penalty as provided in subsection (b) hereof.  (b) If the superintendent finds after notice  and  hearing,  that  any authorized  insurer,  representative of such insurer, licensed insurance agent or licensed insurance broker has wilfully violated the  provisions of  subsection  (d)  hereof or this article relating to such filings, he may, in lieu of any other penalty provided by law, order  such  insurer, or person to pay to the people of this state a penalty not exceeding one thousand dollars for each such offense.  (c)  Failure  of any such insurer or person to pay such penalty within thirty days after the making of such order, unless suspended by an order of a court of competent jurisdiction, shall constitute  a  violation  of this chapter.  (d)  In this section, the issuance, procurement or negotiation of each policy of insurance, by such insurer or person in  wilful  violation  of the  provisions  of  this  subsection  or this article shall be deemed a separate offense.