reglab/housing_qa huggingface dataset:
NY Ins L § 1715 (2021)
2021 New York Laws ISC - Insurance Article 17 - Subsidiaries of Domestic Life Insurance Companies and Certain Other Entities 1715 - Valuation of Shares of Subsidiaries.

§  1715.  Valuation  of  shares  of  subsidiaries.  In determining the   financial  condition  of  a  parent  corporation,  all  stock   of   its   subsidiaries  (except  subsidiaries  acquired or held under section four   thousand  two  hundred  forty  of  this  chapter)  shall  be  valued  in   accordance  with  subsections  (c),  (f) and (g) of section one thousand   four hundred fourteen of this chapter. Stock of subsidiaries acquired or   held under section four thousand two hundred forty of this chapter shall   be valued as required by section four thousand two hundred forty of this   chapter.
NY Ins L § 1716 (2021)
2021 New York Laws ISC - Insurance Article 17 - Subsidiaries of Domestic Life Insurance Companies and Certain Other Entities 1716 - Regulations.

§ 1716. Regulations. In addition to the powers expressly given by this   article,  the  superintendent  shall  have the power to promulgate, from   time to time, such regulations, not inconsistent with the provisions  of   this  chapter, as may be appropriate to carry out the provisions of this   article and, insofar as applicable to this article, other provisions  of   this chapter.
NY Ins L § 1717 (2021)
2021 New York Laws ISC - Insurance Article 17 - Subsidiaries of Domestic Life Insurance Companies and Certain Other Entities 1717 - Registration.

§ 1717. Registration. (a) A parent corporation shall register with the superintendent  within  thirty  days of becoming subject to registration and shall amend  the  registration  within  thirty  days  following  any material  change  to  the  information provided in the registration. The registration shall be in such form and shall contain such matters as the superintendent  prescribes.  The  superintendent  may  grant  reasonable extensions of the time to register.  (b)  A parent corporation, other than a parent corporation required to register as a controlled insurer pursuant to section one  thousand  five hundred  three  of  this  chapter,  shall adopt a formal enterprise risk management function and shall file an enterprise risk  report  with  the superintendent by April thirtieth of each year. The report shall, to the best  of  the  parent  corporation's  knowledge and belief, identify the material risks within any subsidiary that could pose enterprise risk  to the parent corporation.
NY Ins L § 2114 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2114 - Life, Accident and Health Insurance Agents; Commissions.

§  2114.  Life, accident and health insurance agents; commissions. (a) (1) No insurer or fraternal benefit society doing business in this state shall pay any commission or other compensation to any  person,  firm  or corporation,  for  any  services  in  obtaining  in  this  state any new contract of life insurance or any new  annuity  contract,  except  to  a licensed  life  insurance agent of such insurer or of such society or to an insurance broker licensed under subparagraph (A) of paragraph one  of subsection (b) of section two thousand one hundred four of this article, and except to a person described in paragraph two or three of subsection (a) of section two thousand one hundred one of this article.  (2)  No  agent  or  other  representative  of any such life insurer or fraternal benefit society shall pay any commission or other compensation to any person for any services of the kind specified  in  paragraph  one hereof,  except to a licensed life insurance agent of such insurer or of such society as the case may be.  (3) No  insurer,  fraternal  benefit  society  or  health  maintenance organization  doing  business  in  this  state  and  no  agent  or other representative thereof shall pay any commission or other compensation to any person, firm, association or corporation for services in soliciting, negotiating or selling in this state any new  contract  of  accident  or health  insurance  or  any new health maintenance organization contract, except to a  licensed  accident  and  health  insurance  agent  of  such insurer,  such  society  or  health  maintenance  organization,  or to a licensed insurance  broker  of  this  state,  and  except  to  a  person described  in  paragraph  two  or three of subsection (a) of section two thousand one hundred one of this article.   * (4) Services of the kind specified  in  this  subsection  shall  not include the referral of a person to a licensed insurance agent or broker that  does  not  include a discussion of specific insurance policy terms and conditions and where the compensation for referral is not based upon the purchase of insurance by such person.   * NB Repealed September 10, 2024  (b) If any licensed life insurance agent who or which has received  an application  for  a  life  insurance or annuity contract is unable after reasonable diligence to obtain all or any part of  such  insurance  from the  life  insurer  or insurers which he or it is licensed to represent, such agent may solicit, negotiate or sell such insurance, to the  extent to  which  it  is  declined  by such insurer or insurers, from any other authorized life insurer or insurers, with  the  consent  of  the  person making  such application; but no such agent shall receive any commission or other compensation for his services in connection therewith from  any insurer  unless he is licensed as agent of such insurer at the time when he receives such compensation.
NY Ins L § 2116 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2116 - Insurance Brokers; Commissions.

* §  2116. Insurance brokers; commissions. No insurer authorized to do   business in this state, and no officer, agent  or  other  representative   thereof,  shall  pay  any  money or give any other thing of value to any   person, firm, association or corporation for or because of  his  or  its   acting  in  this state as an insurance broker, unless such person, firm,   association or corporation is authorized  so  to  act  by  virtue  of  a   license  issued  or  renewed  pursuant  to the provisions of section two   thousand one hundred four of this article.  For  the  purposes  of  this   section,  "acting as insurance broker" shall not include the referral of   a person to a licensed insurance agent or broker that does not include a   discussion of specific insurance policy terms and conditions  and  where   the  compensation  for  referral  is  not  based  upon  the  purchase of   insurance by such person.* NB Effective until September 10, 2024* § 2116. Insurance brokers; commissions. No insurer authorized to  do   business  in  this  state, and no officer, agent or other representative   thereof, shall pay any money or give any other thing  of  value  to  any   person,  firm,  association  or corporation for or because of his or its   acting in this state as an insurance broker, unless such  person,  firm,   association  or  corporation  is  authorized  so  to  act by virtue of a   license issued or renewed pursuant to  the  provisions  of  section  two   thousand one hundred four of this article.* NB Effective September 10, 2024
NY Ins L § 2120 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2120 - Fiduciary Capacity of Insurance Agents, Title Insurance Agents, Insurance Brokers and Reinsurance Intermediaries.

§  2120.  Fiduciary  capacity  of  insurance  agents,  title insurance agents, insurance brokers and reinsurance intermediaries.  (a) Every insurance agent, title insurance agent, and insurance broker acting as such in  this  state  shall  be  responsible  in  a  fiduciary capacity  for  all  funds  received  or  collected as insurance agent or insurance broker, and shall not, without the express consent of his, her or its principal, mingle any such funds with his, her or its  own  funds or with funds held by him, her or it in any other capacity.  (b)  Every reinsurance intermediary acting as such in this state shall be responsible, in a  fiduciary  capacity  for  all  funds  received  or collected  in  such capacity, and shall not, without the express consent of his or its principal or principals, mingle any such funds with his or its own funds or with funds held by him or it in any other capacity.  (c) This section shall not require any  such  insurance  agent,  title insurance   agent,  insurance  broker  or  reinsurance  intermediary  to maintain a separate bank deposit for the funds of each  such  principal, if  and  as  long  as  the  funds  so  held  for each such principal are reasonably ascertainable from the books of account and records  of  such agent, broker or reinsurance intermediary, as the case may be.  (d)  A  retail  insurance  producer  who  violates  paragraph  (a)  of subdivision two of section five hundred seventy-seven-a of  the  banking law  shall  be  liable  for actual damages for the failure to notify, in writing, the premium finance agency of the information required pursuant to such paragraph (a).
NY Ins L § 2121 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2121 - Broker Authorized to Receive Premium, When.

§  2121.  Broker  authorized to receive premium, when. (a) Any insurer which delivers in this state to any  insurance  broker  or  any  insured represented  by  such  broker  a  contract  of insurance pursuant to the application or request of such broker, acting for an insured other  than himself,  shall  be  deemed to have authorized such broker to receive on its behalf payment of any premium which is due on such contract  at  the time  of  its issuance or delivery or payment of any installment of such premium  or  any  additional  premium  which  becomes  due  or   payable thereafter  on  such contract, provided such payment is received by such broker within ninety  days  after  the  due  date  of  such  premium  or installment  thereof or after the date of delivery of a statement by the insurer of such additional premium.  (b) An agent who represents an insured for the  purpose  of  obtaining insurance  pursuant  to  any  plan  authorized  by articles fifty-three, fifty-four and fifty-five of this chapter shall be deemed to be a broker for the purposes of this section.
NY Ins L § 2122 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2122 - Advertising by Insurance Producers.

§ 2122. Advertising by insurance producers.  (a)  (1)  No  insurance producer shall make or issue in this state any advertisement,  sign,  pamphlet,  circular,   card   or   other   public announcement  purporting  to  make  known the financial condition of any insurer, unless the same shall conform to the  requirements  of  section one thousand three hundred thirteen of this chapter.  (2) No insurance producer or other person, shall, by any advertisement or public announcement in this state, call attention to any unauthorized insurer or insurers.  (b)  Every  agent  of any insurer and every insurance broker shall, in all advertisements, public announcements,  signs,  pamphlets,  circulars and cards, which refer to an insurer, set forth therein the name in full of  the insurer referred to and the name of the city, town or village in which it has its principal office in the United States.
NY Ins L § 2124 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2124 - Stay or Suspension of Superintendent's Determination.

§  2124.  Stay  or  suspension  of superintendent's determination. The   commencement of a proceeding under article seventy-eight  of  the  civil   practice  law  and  rules, to review the action of the superintendent in   suspending or revoking or refusing to renew any certificate  under  this   article,  shall  stay  such action of the superintendent for a period of   thirty days. Such stay shall not be extended for a longer period  unless   the  court  shall  determine,  after a preliminary hearing  of which the   superintendent is notified forty-eight hours in advance, that a stay  of   the  superintendent's  action pending the final determination or further   order of the court will not unduly injure the interests of the people of   the state.
NY Ins L § 2125 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2125 - Marine Insurance; Acting as Agent, Broker or Insurer of Persons Without Insurable Interest.

§  2125.  Marine  insurance;  acting  as  agent,  broker or insurer of persons without insurable interest.  (a) No person, firm, association or corporation shall knowingly act as insurance agent or act  as  insurance broker  in  this state, or shall as insurer knowingly act in this state, in the sale, solicitation or negotiation, issuance or  delivery  of  any binder,  cover note, certificate, policy or other evidence of a contract of marine insurance except on the application and in the  name  of  some person  or  persons  having  a  bona  fide interest, direct or indirect, either in the safe arrival of  the  vessel  in  relation  to  which  the contract  is made or to be made, or in the safety or preservation of the subject matter insured or to be insured, or except  on  the  application and  in the name of some person or persons having a bona fide reasonable expectation of acquiring such an interest.  (b)  No  insurance  broker  or  other  person,  firm,  association  or corporation   not  having  such  a  bona  fide  interest  or  bona  fide expectation of acquiring such an interest, shall  knowingly  apply  for, effect, accept or transfer in this state any such evidence of a contract of  marine  insurance without having been previously authorized so to do by, or by the authority of, a person, firm, association  or  corporation having such a bona fide interest or a bona fide expectation of acquiring such an interest.
NY Ins L § 2126 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2126 - Impersonation at Examinations Prohibited.

§  2126.  Impersonation  at  examinations  prohibited. No person shall   impersonate any other person, or permit or aid in any manner  any  other   person  to  impersonate  him, in connection with any examination held in   accordance with the provisions of this chapter.
NY Ins L § 2127 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2127 - Penalties for Violations.

§  2127.  Penalties for violations. (a) The superintendent, in lieu of revoking or suspending the license of a licensee in accordance with  the provisions  of this article, may in any one proceeding by order, require the licensee to pay to the people of this state a penalty in a  sum  not exceeding  five hundred dollars for each offense, and a penalty in a sum not exceeding twenty-five hundred  dollars  in  the  aggregate  for  all offenses.  (b)  Upon  the  failure of such a licensee to pay such penalty ordered pursuant to subsection (a) hereof within twenty days after  the  mailing of  such  order,  postage prepaid, registered, and addressed to the last known place of business of such licensee, unless such order is stayed by an order of a court of competent jurisdiction,  the  superintendent  may revoke  the  license  of  such licensee or may suspend the same for such period as he determines.
NY Ins L § 2128 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2128 - Commission and Fee Sharing Prohibited.

§ 2128. Commission and fee sharing prohibited. (a) Notwithstanding the provisions  of  sections two thousand three hundred twenty-four and four thousand two hundred twenty-four of this chapter, no licensee subject to this article shall receive any commissions or fees or shares thereof  in connection  with  insurance  coverages  placed for or insurance services rendered to the state, its  agencies  and  departments,  public  benefit corporations, municipalities and other governmental subdivisions in this state,  unless  such  licensee  actually  placed  insurance coverages on behalf of or rendered insurance services to the state, its agencies  and departments,  public  benefit  corporations,  municipalities  and  other governmental subdivisions in this state.  (b) The superintendent shall, by regulation, require licensees subject to this article to file disclosure statements  with  the  department  of financial services and the most senior official of the governmental unit involved,  with  respect  to  any  insurance  coverages  placed  for  or insurance services rendered to the state, its agencies and  departments, public  benefit  corporations,  municipalities  and  other  governmental subdivisions in this  state,  except  that  neither  a  title  insurance corporation  nor  a  title  insurance  agent shall be required to file a disclosure statement if an industrial development agency, state  of  New York mortgage agency or its successor, or any similar type of entity, is the  named  insured  under the policy and is a mortgagee with respect to the property insured.
NY Ins L § 2129 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2129 - Duty to Have an Agent or Broker at Each Place of Business.

§  2129.  Duty  to  have an agent or broker at each place of business. (a) Each place of business established by the holder of an agent  and/or broker  license  shall  be  under the supervision of one or more persons licensed to do the kinds of business transacted in  that  office.    The headquarters location must be supervised by one or more persons licensed to  do  all  the kinds of business for which the licensee is authorized. Any satellite office established by a licensee must be supervised by one or more persons licensed to do the kinds of business to be transacted in that office.  (b) Written notice shall be given to the superintendent containing the location of each satellite office and the  licensed  person  or  persons responsible for each satellite office.
NY Ins L § 2133 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2133 - Forged Insurance Identification Cards.

§  2133. Forged insurance identification cards. Any insurance company,   insurance  agent,  insurance  broker  or  other  person  who  or  which,   personally  or  by  the  action  of  an  employee  or  agent, possesses,   transfers or uses a forged insurance identification  card  for  a  motor   vehicle, having knowledge, personally or through such employee or agent,   of  the  fact  that such insurance identification card, when issued, did   not actually represent an owner's policy of  liability  insurance  or  a   financial  security  bond  issued by an insurance company licensed to do   business in this state covering the motor  vehicle  identified  on  such   card, shall be liable for payment to the people of this state of a civil   penalty  in  a sum not exceeding one thousand dollars for the first such   violation and a  sum  not  exceeding  five  thousand  dollars  for  each   subsequent  violation. For the purposes of this section the term "forged   insurance identification card" means a written insurance  identification   card  which  has  been  falsely made, completed or altered, and the term   "falsely made, completed or altered" shall have the same meaning as  set   forth in section 170.00 of the penal law.
NY Ins L § 2134 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2134 - Change of Address.

§  2134.  Change  of  address. (a) A licensee under this article shall inform the superintendent by a means acceptable to the superintendent of a change of address within thirty days of the change.  (b) In addition to the requirements of subsection (a) of this section, a nonresident insurance producer who changes his, her or its home state, or a resident insurance producer who changes his, her or its home  state to  another  state,  within  thirty  days  of  the date of change, shall provide certification of such change from the new home state. No fee  or license application shall be required therefor.
NY Ins L § 2135 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2135 - Administration of Certain Functions.

§  2135.  Administration  of certain functions. The superintendent may   designate the National Association of Insurance Commissioners (NAIC)  or   any  affiliates  or  subsidiaries  that  the  NAIC  oversees  to perform   ministerial functions, including the  collection  of  fees,  related  to   producer  licensing  under this article that the superintendent may deem   appropriate.
NY Ins L § 2136 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2136 - Reciprocity.

§  2136.  Reciprocity. The superintendent shall waive any requirements for a nonresident license  applicant  otherwise  applicable  under  this chapter if:  (a)  the  applicant has a current and valid license in his or her home state and is in good standing in his or her home state;  (b) the applicant has submitted a completed application  in  the  form prescribed  by  the  superintendent  or  submitted  the  application for licensure submitted to his or her home state;  (c) the applicant has paid the fees required by this chapter; and  (d) the applicant's home state awards nonresident  insurance  producer licenses  to  residents  of  this state on the same basis as provided in this subsection.
NY Ins L § 2138 (2021)
2021 New York Laws ISC - Insurance Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries 2138 - Health Benefit Exchange Navigators.

§  2138. Health benefit exchange navigators. A person who has received   a grant from and has been  certified  by  the  health  benefit  exchange   established  pursuant  to  section  1311  of the affordable care act, 42   U.S.C. § 18031, to act as a navigator, including any person employed  by   a certified navigator, shall not receive, collect or hold any funds that   would  constitute  fiduciary  funds  within  the  meaning of section two   thousand one hundred twenty of this article.
NY Ins L § 2201 (2021)
2021 New York Laws ISC - Insurance Article 22 - Certification of Employees of Insurers and Savings Banks Offering Life Insurance 2201 - Certification.

§ 2201. Certification. Every officer or employee of a licensed insurer   or  of  a  savings  bank,  other  than a duly licensed agent, who in any   office of such insurer or of any savings bank, as a part of his  duties,   negotiates  for  applications  or  orders  for life insurance or annuity   contracts or solicits or procures from the public such  applications  or   orders shall be required to be certified by the superintendent as to his   competency and trustworthiness before engaging in such activities.