reglab/housing_qa huggingface dataset:
NY Ins L § 6708 (2021)
2021 New York Laws ISC - Insurance Article 67 - Nonprofit Property/casualty Insurance Companies 6708 - Rules and Regulations.

§  6708.  Rules  and  regulations. The superintendent shall promulgate   such rules and regulations as may be necessary for the implementation of   this article. Such regulation may be necessary in light of the nonprofit   property/casualty   insurance   company   being   owned   by   nonprofit   organizations  that  it insures, including the proprietary nature of the   information  relating  to  the  nonprofit  property/casualty   insurance   company's operations.
NY Ins L § 6801 (2021)
2021 New York Laws ISC - Insurance Article 68 - Bail Bonds 6801 - Bail Bond Business.

§ 6801. Bail bond business. (a) (1) Any person, firm or corporation in any  court  having  criminal  jurisdiction  or in any criminal action or proceeding who shall for another deposit money or property  as  bail  or execute  as  surety any bail bond who within a period of one month prior thereto shall have made such a deposit or given such bail in  more  than two  cases not arising out of the same transaction shall be deemed to be doing a bail business and doing an  insurance  business  as  defined  in article eleven of this chapter.  (2)  Except  for a corporation authorized to write fidelity and surety insurance and to do a  bail  business  pursuant  to  the  provisions  of article  eleven  of  this  chapter  and otherwise in compliance with all other requirements of this chapter to do such business or  a  charitable bail  organization  holding  a  certificate issued by the superintendent pursuant to section six thousand eight hundred five of this article  and otherwise  in  compliance with all other requirement of this chapter, no person, firm or corporation shall engage in  a  bail  business  in  this state.  (b)  (1)  No  person,  firm  or  corporation shall in this state do an insurance business or a bail business as defined in  subsection  (a)  of this  section  unless  authorized  by  a  license issued and in force as provided under article eleven of this chapter.  (2) The superintendent may  authorize  a  property/casualty  insurance company which is authorized to write fidelity and surety insurance to do a  bail  business in accordance with the provisions of article eleven of this chapter, but no individual shall be licensed to do such business.
NY Ins L § 6803 (2021)
2021 New York Laws ISC - Insurance Article 68 - Bail Bonds 6803 - Bail Bond Business; Cities in Excess of One Hundred Seventy-Five Thousand.

§   6803.  Bail  bond  business;  cities  in  excess  of  one  hundred seventy-five thousand. (a) An insurance corporation or  charitable  bail organization  engaged  in  the  bail  business  in  a  city containing a population of more than one hundred seventy-five  thousand  inhabitants, according  to  the  last  preceding federal census or state enumeration, shall file with the district attorney of each county contained  in  such city or in which such a city is contained, the clerks of the supreme and county  courts  and  the  clerk of the criminal court of the city of New York, certified statements of the names of  all  persons  authorized  to execute  bail  bonds  or  effectuating  such deposit on its behalf or to solicit such  business  as  agent,  together  with  a  certificate  duly executed  by  the  superintendent,  certifying with respect to each such person, that  such  person  has  been  licensed  by  the  superintendent pursuant to section six thousand eight hundred two of this article.  (b)  The  court  or  other  public officer concerned in the matter may examine under oath any insurer or charitable bail organization  doing  a bail  business  or  a  depositor of security for bail, or the officer or agent of any such insurer, charitable  bail  organization  or  depositor proposing  to  execute  a  bail bond, or to make such deposit, as to the indemnity,  if  any,  deposited  or  otherwise  provided   directly   or indirectly  against loss by reason of the deposit or bail bond and as to the fee charged, if any, for the giving of such bond. The court or other public officer concerned in the matter may refuse to accept such bond or deposit if  satisfied  that  any  portion  of  such  security  has  been feloniously obtained by the defendant, or that the provisions of this or any  other  section  of  law  have  been violated, or that the person or persons indemnifying such insurer  or  depositor  shall  have  within  a period  of one month prior thereto given indemnification or security for like purpose in more  than  two  cases  not  arising  out  of  the  same transaction   and   that  such  person  is  not  duly  licensed  by  the superintendent in accordance with the provisions of this chapter.
NY Ins L § 6804 (2021)
2021 New York Laws ISC - Insurance Article 68 - Bail Bonds 6804 - Premium or Compensation.

§  6804. Premium or compensation.  (a) The premium or compensation for giving bail bond or depositing money  or  property  as  bail  shall  not exceed  ten  per  centum  of the amount of such bond or deposit in cases where such bonds or deposits do not exceed the  sum  of  three  thousand dollars.  Where  such bonds or deposits exceed the sum of three thousand dollars, the premium shall not exceed ten per centum of the first  three thousand  dollars  and  eight per centum of the excess amount over three thousand dollars up to ten thousand dollars and six per  centum  of  the excess  amount  over  ten thousand dollars. In cases where the amount of the bond or deposit is less than two hundred dollars a  minimum  premium of ten dollars may be charged.  (b) No person or corporation shall:  (1)   charge   or   receive,   directly  or  indirectly,  any  greater compensation for making a deposit for bail or giving  bail,  or  act  in such business as aforesaid without obtaining a license, or  (2)  accept  any  fee  or  compensation for obtaining a license or for obtaining a bondsman or bail bond. Such person or corporation  shall  be guilty  of  a misdemeanor and in addition shall in any action brought to recover any such overcharge be liable for treble damages.  (c) Any member of the bar having any financial interest by which he is to profit from the giving of bail shall be guilty of a misdemeanor.
NY Ins L § 6905 (2021)
2021 New York Laws ISC - Insurance Article 69 - Financial Guaranty Insurance Corporations 6905 - Policy Forms and Rates.

§  6905.  Policy  forms and rates. (a) Policy forms and any amendments thereto shall be filed with the superintendent  within  thirty  days  of their  use  by the insurer if not otherwise filed prior to the effective date of this article. Every such policy shall provide that, in the event of a payment default by or insolvency of the obligor, there shall be  no acceleration of the payment required to be made under such policy unless such  acceleration  is  at  the sole option of the corporation; provided that (1) policies may insure amounts payable under a credit default swap or interest rate,  currency  or  other  swap  upon  a  credit  event  or termination event if the expected amount payable on an accelerated basis in  respect  of any individual obligation referenced by a credit default swap or in the aggregate under an interest rate, currency or other  swap does  not  exceed the single risk limits prescribed in paragraph five of subsection (d) of section six thousand nine hundred four of this article and (2) policies insuring credit default swaps referencing an obligation shall be treated as if the insurer had directly insured  the  referenced obligation  for  all  other  purposes  of  this article, except that the currency of amounts owed under the credit default swap, rather than  the currency of the obligations referenced by the credit default swap, shall apply   for   purposes  of  determining  whether  the  obligation  is  a permissible guaranty under subsection (b) of section six  thousand  nine hundred  four  of this article. The superintendent may prescribe minimum policy provisions determined by the superintendent to  be  necessary  or appropriate   to   protect   policyholders,   claimants,   obligees   or indemnitees.  (b) Rates shall not be excessive, inadequate, unfairly discriminatory, destructive of competition, detrimental to the solvency of the  insurer, or  otherwise unreasonable. In determining whether rates comply with the foregoing standards, the superintendent shall include all income  earned by  such  insurer.  Criteria  and  guidelines  utilized  by  insurers in establishing rating categories and ranges of rates to be utilized  shall be  filed  with the superintendent for information prior to their use by the insurer if not otherwise filed prior to the effective date  of  this article.  (c)  All  such filings shall be available for public inspection at the department of financial services.
NY Ins L § 6908 (2021)
2021 New York Laws ISC - Insurance Article 69 - Financial Guaranty Insurance Corporations 6908 - Applicability of Other Laws.

§  6908.  Applicability  of other laws. An insurer issuing policies of   financial guaranty insurance shall be subject to all of  the  provisions   of  this  chapter applicable to property/casualty insurers to the extent   that such provisions are not inconsistent with the  provisions  of  this   article.
NY Ins L § 6909 (2021)
2021 New York Laws ISC - Insurance Article 69 - Financial Guaranty Insurance Corporations 6909 - Relationship to Security Fund.

§  6909.  Relationship  to  security  fund.  No insurer or agent of an   insurer may deliver a policy of financial guaranty insurance unless such   policy and any prospectus delivered on or after the  effective  date  of   this  article  with respect to the insured obligations clearly discloses   that the policy  is  not  covered  by  the  property/casualty  insurance   security fund specified in article seventy-six of this chapter.
NY Ins L § 7001 (2021)
2021 New York Laws ISC - Insurance Article 70 - Captive Insurance Companies 7001 - Purpose and Applicability.

§  7001. Purpose and applicability. (a) The purpose of this article is to facilitate the formation and operation of captive insurance companies within the state of New York.  (b) In addition to the provisions of this  article  and  this  chapter specifically  referred  to  in this article, the following provisions of this chapter shall apply to captive insurance companies:  (1) article one of this chapter, pertaining to general provisions;  (2) sections three hundred  one,  three  hundred  two,  three  hundred three,  three hundred four, three hundred five, three hundred six, three hundred eight, three hundred ten, three hundred  eleven,  three  hundred twelve,  three hundred thirteen, three hundred twenty-six, three hundred twenty-seven, three hundred twenty-nine, and three hundred thirty-two of this  chapter,  pertaining  to  certain  administrative  and  procedural provisions; and  (3)  article  seventy-four, pertaining to rehabilitation, liquidation, conservation and dissolution of insurers.
NY Ins L § 7004 (2021)
2021 New York Laws ISC - Insurance Article 70 - Captive Insurance Companies 7004 - Required Capital and Surplus as Regards Policyholders.

§  7004.   Required capital and surplus as regards policyholders.  (a) No pure captive insurance company or  group  captive  insurance  company shall  be  issued  a  license  unless  it  shall  possess and thereafter maintain unimpaired paid-in capital and surplus as regards policyholders of:  (1) in the case of a pure captive insurance company incorporated as  a stock insurer, not less than two hundred fifty thousand dollars of total surplus  as regards policyholders, of which one hundred thousand dollars shall represent paid-in capital;  (2) in the case of a pure captive insurance company incorporated as  a mutual  insurer,  not  less  than  two hundred fifty thousand dollars of total surplus as regards to policyholders;  (3) in the case of a group captive insurance company incorporated as a stock insurer, not less than five  hundred  thousand  dollars  of  total surplus  as regards policyholders, of which two hundred thousand dollars shall represent paid-in capital; and  (4)  in the case of a group captive insurance company incorporated  as a  mutual  insurer, not less than five hundred thousand dollars of total surplus as regards policyholders.  (b) The minimum capital  and  surplus  to  policyholders  required  in subsection (a) of this section shall be in the form of:  (1) cash;  (2)  minimum  capital  or  surplus to policyholders investments of the type specified in paragraphs one and two of subsection  (b)  of  section one thousand four hundred two of this chapter;  or  (3)  an  irrevocable  letter  of  credit,  in  a  form approved by the superintendent,  naming  the  superintendent  as  beneficiary  for   the security  of the captive insurance company's policyholders and issued by a bank acceptable to the superintendent.  (c)  The superintendent may prescribe additional capital  and  surplus to  policyholders  based  upon  the type, volume and nature of insurance business  transacted.     Any  additional   capital   and   surplus   to policyholders  so  required  shall  be  in  the  form  as  set  forth in subsection (b) of this section.
NY Ins L § 7006 (2021)
2021 New York Laws ISC - Insurance Article 70 - Captive Insurance Companies 7006 - Annual Report.

§  7006. Annual report. Every captive insurance company licensed to do a  captive  insurance  business  in  this  state  shall  file  with  the superintendent:  (a)  annually  on  or before March first, a statement of its financial condition and any amendment to the plan of operation at  last  year-end, verified  by  the  oath  of  at least two of its executive officers. The statement shall be in the form prescribed by the superintendent; and  (b) annually on or before  July  first,  a  report  of  its  financial condition  at  last year-end with an opinion of an independent certified public accountant; and  (c) annually on or before July first, evidence in a form prescribed by the superintendent,  that  the  industrial  insured  or  member  of  the industrial  insured group owning the captive insurance company continues to meet the financial standards set forth in subsection (e)  of  section seven thousand two of this article.
NY Ins L § 7007 (2021)
2021 New York Laws ISC - Insurance Article 70 - Captive Insurance Companies 7007 - Examinations.

§  7007.    Examinations.   The superintendent may make an examination   into the affairs of any captive  insurance  company  licensed  to  do  a   captive insurance business in this state whenever it is deemed necessary   for  the protection of the interests of the people of this state but the   superintendent shall conduct at least one examination every five  years.   Such  examinations  shall be conducted in accordance with the provisions   of sections three hundred  ten,  three  hundred  eleven,  three  hundred   twelve and three hundred thirteen of this chapter.
NY Ins L § 7008 (2021)
2021 New York Laws ISC - Insurance Article 70 - Captive Insurance Companies 7008 - Suspension or Revocation of License.

§  7008.   Suspension or revocation of license.  (a)  The license of a captive insurance company to do a captive  insurance  business  in  this state  may  be suspended or revoked by the superintendent for any of the following reasons:  (1) insolvency  or  impairment  of  required  capital  or  surplus  to policyholders;  (2)  refusal  or  failure  to  submit an annual report, as required by section seven thousand six of this  article,  or  any  other  report  or statement required by law or by lawful order of the superintendent;  (3)  failure  to  comply  with  the  provisions  of its own charter or bylaws;  (4) failure to submit to examination or any legal obligation  relative thereto, as required by section seven thousand seven of this article;  (5)  refusal  or failure to pay the cost of examination as required by section seven thousand seven of this article;  (6) refusal or failure to pay the taxes as required by  section  seven thousand twelve of this article and section fifteen hundred two-b of the tax law;  (7) removal of home office or records from this state;  (8)  use  of  practices  that,  although  not  otherwise  specifically prohibited by law, nevertheless render its operation detrimental or  its condition unsound with respect to the public or to its policyholders; or  (9) failure to otherwise comply with laws of this state.  (b)  If  the superintendent finds, upon examination, hearing, or other investigation, that any captive insurance company has committed  any  of the  acts specified in subsection (a) of this section, the license to do a captive business may be  suspended  or  revoked.    In  addition,  the license  to  do  a captive business may be suspended or revoked if it is deemed to be in the best interests of the public and  the  policyholders of  such  captive insurance company, notwithstanding any other provision of this article.
NY Ins L § 7009 (2021)
2021 New York Laws ISC - Insurance Article 70 - Captive Insurance Companies 7009 - Investments.

§  7009.    Investments.  (a)  No captive insurance company shall be subject to any restrictions on  allowable  investments,  except  as  set forth in subsections (b) and (c) of this section.  (b)  A  group  captive  insurance  company shall not make loans to the industrial insureds that comprise its industrial insured group.  A  pure captive  insurance  company  may  make  loans  to  its parent company or affiliates with the prior approval of the  superintendent.    Such  loan must  be  evidenced  by a note in a form approved by the superintendent. Loans of minimum capital and surplus funds  required  by  section  seven thousand four of this article are prohibited.  (c)  The  superintendent  may  prohibit  or  limit any investment that threatens the solvency or liquidity of any captive insurance company.
NY Ins L § 7010 (2021)
2021 New York Laws ISC - Insurance Article 70 - Captive Insurance Companies 7010 - Reinsurance.

§  7010.  Reinsurance.  (a)  Any  captive insurance company may assume reinsurance on risks ceded by any other insurer  when  the  risks  ceded under  the  reinsurance  agreement  are  solely  those of the industrial insured or members  of  industrial  insured  group  owning  the  captive insurance company.  (b)  With  the  approval  of the superintendent, any captive insurance company may assume risks of any other insurer, provided the  reinsurance premiums  assumed  do  not  exceed fifty percent of the assuming captive insurance company's gross premiums written in any calendar year.  (c) Any captive insurance company may  take  credit  for  reserves  on risks  or  portions  of  risks  ceded  to  reinsurers complying with the provisions of paragraph nine of subsection (a) of section  one  thousand three  hundred  one and section one thousand three hundred eight of this chapter. Prior approval of the  superintendent  shall  be  required  for ceding or taking credit for reserves on risks or portions of risks ceded to reinsurers not complying with these sections.
NY Ins L § 7011 (2021)
2021 New York Laws ISC - Insurance Article 70 - Captive Insurance Companies 7011 - Exemption From Compulsory Associations.

§ 7011.  Exemption from compulsory associations.  No captive insurance   company  shall  be  permitted  to  join or contribute financially to any   plan, pool, association, or guaranty or insolvency fund in  this  state,   nor  shall  any captive insurance company, or its insured, or its parent   or  any  affiliated  company,  or  any  member   organization   of   its   association,  receive any benefit from any such plan, pool, association,   or guaranty or insolvency fund for claims arising out of the  operations   of such captive insurance company.
NY Ins L § 7012 (2021)
2021 New York Laws ISC - Insurance Article 70 - Captive Insurance Companies 7012 - Franchise Taxes.

§  7012.  Franchise taxes.  Captive insurance companies licensed to do   a captive  insurance  business  shall  be  liable  for  the  payment  of   franchise  taxes in accordance with section fifteen hundred two-b of the   tax law.
NY Ins L § 7101 (2021)
2021 New York Laws ISC - Insurance Article 71 - Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers 7101 - Definitions.

§ 7101. Definitions. In this article:  (a) "Merger"  means  the  merger  of two or more companies in a single company which is one of the constituent companies.  (b) "Consolidation" means the consolidation of two or  more  companies into a single new company.  (c) "Constituent   company"   means   an   existing  company  that  is participating in the merger or consolidation  with  one  or  more  other companies.  (d) "Surviving  company"  means the constituent company into which one or more other constituent companies are merged.  (e) "Consolidated company" means the new company  into  which  two  or more constituent companies are consolidated.  (f) "Company" means an insurance company.  (g) "Acquisition  of  assets"  and  "acquire the assets of", means the acquisition through the purchase or otherwise of  all  or  substantially all  of the assets of a domestic company or of any company by a domestic company.
NY Ins L § 7102 (2021)
2021 New York Laws ISC - Insurance Article 71 - Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers 7102 - Merger, Consolidation and Acquisition of Assets; When Permitted.

§   7102.  Merger,  consolidation  and  acquisition  of  assets;  when permitted. (a) Upon complying with this article and subject  to  section seven thousand one hundred nine of this article, any domestic company is hereby authorized and empowered to:  (1)  consolidate,  merge  with  or  acquire  the  assets  of any other domestic company, and  (2) consolidate or merge with any foreign company which is  authorized to  do  an insurance business in this state or acquire the assets of any foreign company if such merger, consolidation or acquisition  of  assets is  authorized by the laws of the state in which such foreign company is organized.  (b) A stock company  may  merge  or  consolidate  with  another  stock company or a reciprocal insurer, but shall not merge or consolidate with a  mutual  company;  provided, however, a domestic mutual life insurance company may merge with a wholly-owned subsidiary  stock  life  insurance company   of   the  said  domestic  mutual  life  insurance  company  in circumstances in which the said domestic mutual life  insurance  company shall  be  the  surviving company. A reciprocal insurer may merge with a stock company.  (c)  A  proposed  consolidation  shall  not  be  approved  unless  the consolidated   company   has   the   capital,  surplus,  or  surplus  to policyholders which a similar company would be required to  maintain  if initially  licensed  to write the same kinds of insurance on the date of the consolidation.