reglab/housing_qa huggingface dataset:
NY Ins L § 1112-A (2021)
2021 New York Laws ISC - Insurance Article 11 - Licensing of Insurers 1112-A - Reports.

§  1112-a.  Reports.    On  or  before  March  first  of each year the   superintendent shall report the amounts imposed and required to be  paid   pursuant  to  section  twenty-eight hundred seven-t of the public health   law that are allowed on returns filed during the preceding calendar year   as credits in assessing the taxes imposed by section  one  thousand  one   hundred  twelve  of  this  chapter.  Such  report shall also include the   amount, if any, by which taxes due and owing pursuant  to  such  section   one  thousand  one  hundred  twelve  have  been  reduced  because of the   allowance of such credits. Such report shall be provided to the director   of the budget and the commissioner of health.
NY Ins L § 1114 (2021)
2021 New York Laws ISC - Insurance Article 11 - Licensing of Insurers 1114 - Reinsurance Business.

§  1114.  Reinsurance  business.  (a)  Any  domestic  stock  or mutual insurance corporation or reciprocal insurer may reinsure only the  kinds of  insurance business which it is licensed to do in this state or which it is otherwise authorized to reinsure by the terms of its license.  Any such corporation may confine its business to reinsurance.  (b)  Any  foreign  or  alien  stock or mutual insurance corporation or reciprocal insurer may engage in this state in reinsurance of the  kinds of  insurance  which  it  is  licensed  to  do  in  this state. Any such corporation may confine its business to reinsurance.  (c) An insurer authorized by any provision of this chapter  to  engage in  fidelity  and  surety  insurance  or  reinsurance  business may also guarantee performance of a contract insuring against physical damage  to property  in  favor  of  mortgagees  or  other loss payees named in such contract, provided:  (1) It is authorized to engage in the kinds of insurance  included  in such contract;  (2)  It has assumed reinsurance on the guaranteed contract in whole or in part;  (3) It is charged with such amount as part  of  its  unearned  premium reserve  as  may  be  prescribed by regulation of the superintendent not exceeding the amount it would be required to maintain in accordance with the provisions of this chapter if it were  the  direct  insurer  of  the guaranteed risks; and  (4)  If  the  property is located in this state, the ceding insurer is licensed to engage in the kinds of insurance included in such contracts.  (d) An insurer authorized by any  provision  of  this  chapter  to  do business  of  the  kinds  referred  to in paragraph one, two or three of subsection (a) of section one thousand  one  hundred  thirteen  of  this article  may  also reinsure, by itself, or together with other insurance companies subject to any regulations of  the  superintendent,  any  risk referred  to in such subsection arising from, related to, or incident to the manufacture, ownership or operation of aircraft.  (e) Any health service corporation organized under article forty-three of this chapter is authorized to engage in reinsurance of policies of:  (1) any other corporation organized under article forty-three of  this chapter;  (2)  any  health  maintenance  organization  organized  under  article forty-four of the public health law; and  (3) long term care insurance issued by accident  and  health  insurers organized under article forty-two of this chapter.
NY Ins L § 1119 (2021)
2021 New York Laws ISC - Insurance Article 11 - Licensing of Insurers 1119 - Limited Exemption for Continuing Care Retirement Communities.

§  1119. Limited exemption for continuing care retirement communities. (a) An organization complying with the provisions of  article  forty-six of  the  public health law may operate without being licensed under this chapter and without being subject to any  provisions  of  this  chapter, except  to  the  extent  that  such  organization  must  comply with the provisions  of  this  chapter  by  virtue  of  such  article,  and  such organization   must   comply   with   rules   and   regulations  of  the superintendent relating to:  (1) financial feasibility of the continuing care retirement community,  (2) actuarial principles established relating to such communities,  (3) approval of continuing care retirement contracts and the rates and rating system, if any, for such contracts.  (b) The superintendent may promulgate regulations in effectuating  the purposes and the provisions of this chapter and article forty-six of the public  health  law,  which  may  include requirements applicable to the contracts  between  a  continuing  care  retirement  community  and  its residents.  (c)  Such  organization  shall be subject to the provisions of article seventy-four of this chapter. Prior to commencing action  under  article seventy-four,  the superintendent shall consult with the continuing care retirement community council established pursuant to  section  forty-six hundred two of the public health law.
NY Ins L § 1124-2 (2021)
2021 New York Laws ISC - Insurance Article 11 - Licensing of Insurers 1124*2 - Managed Care Health Savings Account.

* §   1124.   Managed  care  health  savings  account.  (a)  A  health maintenance organization certified pursuant to article forty-four of the public health law may offer a group  high  deductible  health  plan,  as defined  in  paragraph  two  of  subsection  c  of  section  two hundred twenty-three of the internal revenue code in conjunction with  a  health reimbursement  account  or a health savings account established pursuant to federal tax law, when:  (1) The employer group  purchasing  the  high  deductible  plan  is  a municipality, and  (2)  The employer is obligated to contribute, pursuant to a collective bargaining agreement or other binding arrangement with its employees, an amount at least equal to the  deductible  required  under  the  plan  on behalf of each enrolled employee.  (b)  A  high deductible health plan offered pursuant to subsection (a) of this section, which  otherwise  meets  the  requirements  of  article forty-four  of  the  public  health  law,  shall  be  deemed  to provide comprehensive health services and shall not be disapproved  due  to  its cost share arrangement.  (c) A municipality for purposes of this section means a town.  (d)  A  health  maintenance  organization offering the high deductible health plan pursuant to this section shall report to the  superintendent and  commissioner  of  health the number of covered lives under the high deductible health plan offered pursuant  to  this  section  compared  to similar  non-high  deductible  health  plans,  the  premiums of the high deductible health plan offered pursuant  to  this  section  compared  to similar  non-high  deductible  health plans, the claims experience under the high  deductible  health  plan  offered  pursuant  to  this  section compared  to  similar  non-high  deductible  health plans, and any other pertinent information that may be required by the superintendent or  the commissioner of health prior to April first, two thousand fourteen.  (e)  The  provisions  of  this  section  shall  only apply to coverage offered pursuant to a collective bargaining agreement entered into prior to the effective date of this section.   * NB Repealed December 31, 2024   * NB There are 2 § 1124's
NY Ins L § 1203 (2021)
2021 New York Laws ISC - Insurance Article 12 - Organization and Corporate Procedure 1203 - Non-Use of Corporate Charter.

§  1203.  Non-use  of  corporate  charter.  (a) Any domestic insurance company which, after one year from the date of  its  incorporation,  has not  organized  and obtained a certificate of authority or license to do an insurance business, shall, unless granted an extension,  forfeit  its corporate  charter,  and  the  superintendent  may  thereupon commence a proceeding, pursuant to the provisions of article seventy-four  of  this chapter,  to liquidate and dissolve such corporation. The superintendent may for good cause shown grant a  written  extension  of  such  one-year period  upon  a  written  request  filed  with him within such period or during the pendency of any  examination  or  investigation  pursuant  to paragraph  one of subsection (e) of section one thousand one hundred two of this chapter, whichever is longer.  (b) Any domestic insurer which ceases to do any insurance business for more than one year continuously shall forfeit its  right  to  resume  an insurance   business,   except   with   the   prior   approval   of  the superintendent.   Unless   such   approval   shall   be   granted,   the superintendent  may commence a proceeding, pursuant to the provisions of article seventy-four of this chapter, to  liquidate  and  dissolve  such insurer.
NY Ins L § 1205 (2021)
2021 New York Laws ISC - Insurance Article 12 - Organization and Corporate Procedure 1205 - Existing Corporations.

§  1205. Existing corporations. Any insurance corporation incorporated under the provisions of any law of this state and doing business  as  an authorized  insurer  at  the  effective  date  of  this chapter shall be subject  to  the  provisions  of  this  chapter  relating  to   such   a corporation, except that:  (a) It shall be entitled to exercise all powers conferred by virtue of its  charter  as in effect on the effective date of this chapter, during the term thereof, unless specifically prohibited by or pursuant to law.  (b) Subject to article seventy-four  of  this  chapter,  its  duration shall be perpetual.  (c)  If it has a guarantee capital represented by shares, it may amend any of the provisions of its charter.
NY Ins L § 1208 (2021)
2021 New York Laws ISC - Insurance Article 12 - Organization and Corporate Procedure 1208 - Method of Amending Mutual Company Charters.

§  1208.  Method  of  amending mutual company charters. (a) A domestic mutual insurance corporation may change its name, or  amend  or  restate its  charter  in  the  form  prescribed by article eight of the business corporation law. Except as specified in subsections (b) and (c)  hereof, the following requirements shall apply to certificates of change of name and amended or restated charters of such corporations:  (1)  The  corporation's president or secretary shall call a meeting of its members pursuant to its by-laws, specifying  any  amendments  to  be voted upon at such meeting;  (2) If at such meeting three-fourths of the members present and voting in  person or by proxy vote in favor of any amendments so specified, the corporation's president and secretary shall make a certificate, verified by their oaths, to the effect that the amendments were duly  adopted  by at  least  a  three-fourths  vote of the members present in person or by proxy at a meeting duly called for such purpose and  setting  forth  the call for such meeting, the fact of service of such call upon all members of record on a specified date, and the minutes of such meeting; and  (3)  Such certificate shall, within thirty days after such meeting, be submitted to the superintendent for his approval as  conforming  to  the requirements of law.  (b)  A  domestic  mutual  insurance corporation except as specified in subsection (c) hereof, may, subject to the  provisions  of  section  one thousand  two  hundred  six of this article, amend its charter as to the kind or kinds of insurance business it shall be empowered to do  and  to specify  or change the location of its office, and may amend its charter as to any other provisions which do not impair the  members'  rights  or enlarge  their  obligations under insurance policies, by a majority vote of its board of directors at a meeting held not less  than  thirty  days after  notice  of the proposed amendment has been given to the directors and the superintendent.  (c) Any domestic mutual life insurance corporation doing  business  as such  may  file a certificate of change of name, or restate or amend its charter, by a majority vote of its board of directors at a meeting  held not  less  than  thirty  days after notice of the proposed amendment has been given to the directors.  (d) A certificate of amendment or a restated charter filed pursuant to subsections (b) and (c) hereof shall be  accompanied  by  a  certificate signed  by the corporation's president and secretary that such amendment or restatement was duly adopted by a majority vote of the  corporation's board of directors at a meeting duly called for that purpose.
NY Ins L § 1210 (2021)
2021 New York Laws ISC - Insurance Article 12 - Organization and Corporate Procedure 1210 - By-Laws of Domestic Stock Life Insurance Companies.

§  1210. By-laws of domestic stock life insurance companies. No by-law   or amendment or repeal of a by-law of any domestic stock life  insurance   company  shall  be  effective  until approved by the superintendent. The   superintendent may refuse such approval if he finds that such by-law  or   amendment or repeal does not conform with the requirements of law, or is   not  equitable  to  the company's policyholders, or is inconsistent with   the objects and purposes of such company.
NY Ins L § 1214 (2021)
2021 New York Laws ISC - Insurance Article 12 - Organization and Corporate Procedure 1214 - Acting for Foreign Corporation Which Has Not Designated Superintendent as Attorney.

§  1214.  Acting  for  foreign  corporation  which  has not designated   superintendent as attorney. No person acting for himself or  for  others   shall solicit or procure, or aid in soliciting or procuring, policies or   certificates  of  insurance  from, or adjust losses or in any manner aid   the transaction of any business for, any foreign  insurance  corporation   which  has  not  executed  and  filed  in  the superintendent's office a   written appointment  of  the  superintendent  as  its  true  and  lawful   attorney  in  and  for this state, upon whom all lawful processes in any   proceeding against it may be served.
NY Ins L § 1215 (2021)
2021 New York Laws ISC - Insurance Article 12 - Organization and Corporate Procedure 1215 - Forfeiture of Office by Director or Trustee of a Domestic Mutual Insurer.

§  1215.  Forfeiture  of  office  by director or trustee of a domestic   mutual insurer. The office of a trustee  or  director  of  any  domestic   mutual  insurer  shall  immediately  become  vacant whenever he fails to   attend at least  one  regular  meeting  of  the  board  of  trustees  or   directors  in  any  period  of  eighteen  consecutive  months, or unless   excused by the board, which action shall be entered on the  minutes,  it   shall appear at the end of any calendar year that he failed to attend at   least  one-half  of  such regular meetings held in such calendar year. A   trustee or director whose office becomes so vacant shall not be eligible   for election to such office until one year has elapsed from the date the   vacancy occurred.
NY Ins L § 1216 (2021)
2021 New York Laws ISC - Insurance Article 12 - Organization and Corporate Procedure 1216 - Notice of Indemnification of Directors and Officers of Insurance Corporations.

§  1216.  Notice  of  indemnification  of  directors  and  officers of   insurance corporations. No payment of  indemnification,  advancement  or   allowance  under  sections  seven  hundred  twenty-one  to seven hundred   twenty-seven inclusive of the business corporation  law  shall  be  made   unless  a  notice  has  been filed with the superintendent not less than   thirty days prior to such payment, specifying the payees,  the  amounts,   the  manner  in  which  such  payment  is  authorized and the nature and   status, at the time of such notice,  of  the  litigation  or  threatened   litigation.  If  any action with respect to indemnification of directors   or officers of any domestic insurer shall be taken by amendment  of  the   by-laws,   such   action  shall  be  in  accordance  with  the  approval   requirements in sections one thousand two hundred nine and one  thousand   two  hundred  ten  of  this  article.  If  any  action shall be taken by   resolution of directors, or by agreement or otherwise, a notice shall be   filed with the superintendent  not  less  than  thirty  days  thereafter   specifying the action taken.
NY Ins L § 1217 (2021)
2021 New York Laws ISC - Insurance Article 12 - Organization and Corporate Procedure 1217 - Vouchers for Disbursements.

§  1217.  Vouchers  for  disbursements.  No domestic insurance company   shall make any disbursement  of  one  hundred  dollars  or  more  unless   evidenced  by  a  voucher  signed  by  or  on  behalf  of  the  payee as   compensation for  goods  or  services  rendered  for  the  company,  and   correctly   describing  the  consideration  for  the  payment.  If  such   disbursement be for services and disbursements, such vouchers shall  set   forth  the  services rendered and itemize the disbursements; if it is in   connection with any matter pending before any legislative or public body   or before any  government  department  or  officer,  the  voucher  shall   correctly  describe  also  the  nature  of  the matter and the company's   interest therein. If such a voucher is  unobtainable,  the  disbursement   shall  be evidenced by a statement of an officer or responsible employee   affirmed by him as true under the  penalties  of  perjury,  stating  the   reasons therefor and setting forth the particulars above mentioned.
NY Ins L § 1219 (2021)
2021 New York Laws ISC - Insurance Article 12 - Organization and Corporate Procedure 1219 - Misconduct by Directors; Insolvency.

§  1219. Misconduct by directors; insolvency. (a) Every director of an insurance corporation who:  (1) in case of the fraudulent insolvency of  such  corporation,  shall have participated in such fraud, or  (2) as such director, either wilfully does any act expressly forbidden by  statute,  or  wilfully omits to perform any duty imposed upon him by statute, shall be guilty of a misdemeanor, unless otherwise prescribed by law.  (b) The insolvency of an insurance corporation  is  deemed  fraudulent unless  its  affairs appear upon investigation to have been administered fairly, legally and  with  the  same  care  and  diligence  that  agents receiving  a  compensation  for  their  services  are  bound, by law, to observe.
NY Ins L § 1220 (2021)
2021 New York Laws ISC - Insurance Article 12 - Organization and Corporate Procedure 1220 - Misconduct by Officers and Directors of Co-Operative Fire Insurance Companies and of Fraternal Benefit Societies.

§  1220.  Misconduct  by  officers  and directors of co-operative fire   insurance companies and of fraternal benefit societies.  No  officer  or   director  of  a  co-operative  fire  insurance company or of a fraternal   benefit society shall sell his position as such officer or director  for   any  money  or valuable consideration, or accept or receive, directly or   indirectly, any money or valuable consideration for his  resignation  as   such officer or director. He shall be guilty of a felony if any money or   valuable  consideration  accepted  or  received  for  any  such  sale or   resignation exceeds five hundred dollars. If it is  a  less  amount,  he   shall be guilty of a misdemeanor.
NY Ins L § 1221 (2021)
2021 New York Laws ISC - Insurance Article 12 - Organization and Corporate Procedure 1221 - Transactions by Officers, Directors and Certain Shareowners in the Insurer's Shares.

§ 1221. Transactions by officers, directors and certain shareowners in the  insurer's  shares. (a) Every person who directly or indirectly owns beneficially more than ten percent of any class of shares of a  domestic insurer  or is a director or officer thereof shall file in the office of the superintendent:  (1) within ten days after he becomes such owner, director or officer a statement, in form prescribed by the superintendent, of  the  amount  of all such shares of which he is the beneficial owner, and  (2)  within ten days after the close of each calendar month in which a change in such ownership  occurs  a  statement,  in  such  form  as  the superintendent  may  prescribe, indicating his ownership at the close of such calendar month and such changes in his ownership as  have  occurred during such calendar month.  (b)  To  prevent  unfair  use  of  any  information  obtained  by such beneficial owner, director or officer by reason of his  relationship  to such  insurer, any profit realized by him from any purchase and sale, or any sale and purchase, of the insurer's shares within any period of less than six months, unless the  shares  were  acquired  in  good  faith  in connection  with  a  debt  previously  contracted, shall inure to and be recoverable by the insurer, irrespective of  any  intention  he  had  in entering  into  such  transaction to hold the shares purchased or not to repurchase the  shares  sold  for  a  period  exceeding  six  months.  A proceeding  to recover such profit may be instituted at law or in equity in any court of competent jurisdiction by the insurer or by the owner of any shares of the insurer in the insurer's name and behalf if  it  fails or  refuses  to bring such suit within sixty days after request or fails diligently to prosecute it; but no such suit shall be brought more  than two  years  after  the  date such profit was realized.   This subsection shall not apply to any transaction where such beneficial owner  was  not such  at  the  time  of both the purchase and sale, or both the sale and purchase,  of  the  shares  involved,  or  any  transaction  which   the superintendent  may  by rules and regulations exempt as not comprehended within the purpose of this subsection.  (c) It shall be unlawful for any such beneficial  owner,  director  or officer,  directly  or indirectly, to sell any shares of such insurer if the person selling the shares or his principal either does not  own  the shares sold, or, if owning them, does not deliver them against such sale within  twenty  days thereafter, or does not within five days after such sale  deposit  them  in  the  mails   or   other   usual   channels   of transportation;  but  no  person  shall  be deemed to have violated this subsection if he proves that notwithstanding the exercise of good  faith he was unable to make such delivery or deposit within such time, or that to do so would cause undue inconvenience or expense.