2023 New York Laws › ISC - Insurance › Article 41 - Property/casualty Insurance Companies › 4102 - Powers.

*  §  4102.  Powers.  (a) A property/casualty insurance company may be
organized and  licensed  to  write  any  one  or  more  basic  kinds  of
insurance.
(b)  A  property/casualty  insurance company organized and licensed to
write any one or more basic kinds of insurance, may be licensed to write
non-basic kinds of insurance,  subject  to  the  following  requirements
(references  are to paragraphs of subsection (a) of section one thousand
one hundred thirteen of this chapter describing kinds of insurance):
(1) If licensed to write burglary and theft (7), glass (8), boiler and
machinery (9), elevator (10), animal  (11),  personal  injury  liability
(13),   property   damage  liability  (14),  workers'  compensation  and
employers' liability (15), fidelity and surety (16) or credit  (17),  it
may  be  licensed  to  write  accident  and  health  (item  (i) of (3)),
non-cancellable  disability  (item  (ii)  of  (3)),  water  damage  (6),
collision (12), residual value (22), credit unemployment (24), gap (26),
prize  indemnification  (27),  service  contract  reimbursement (28) and
involuntary unemployment (30);
(2) If licensed to write  fire  (4),  it  may  be  licensed  to  write
miscellaneous  property  (5),  water  damage  (6), collision (12), motor
vehicle and aircraft physical damage (19) and inland marine as specified
in marine and inland marine (20);
(3) If licensed to write marine and inland  marine  (20),  it  may  be
licensed  to  write  collision (12), motor vehicle and aircraft physical
damage (19), and marine protection and indemnity (21);
(4) If licensed to write personal injury liability (13)  and  property
damage  liability  (14),  it  may be licensed to write motor vehicle and
aircraft physical damage (19) and legal services insurance (29); and
(5) In the case of a mutual company licensed  to  write  burglary  and
theft  (7),  glass  (8), boiler and machinery (9), elevator (10), animal
(11),  personal  injury  liability  (13),  workers'   compensation   and
employers'  liability (15), fidelity and surety (16), or credit (17), it
may be licensed to write property damage liability (14).
(c) A property/casualty insurance company organized  and  licensed  to
write  any basic kind of insurance, may be licensed, except with respect
to  the  kinds  of  insurance  defined  respectively  in  the  following
paragraphs  of  subsection  (a)  of  section  one  thousand  one hundred
thirteen of this chapter: life insurance (1), annuities  (2)  and  title
insurance  (18),  to (i) reinsure risks of every kind or description and
(ii) insure property or risks of every kind or  description  located  or
resident outside of the United States, its territories and possessions.
(d)   A   property/casualty   insurance  company  complying  with  the
provisions of this section shall meet all other applicable  requirements
of this article.
* SPECIAL NOTE.--Notwithstanding that Chapter 585 of the Laws of 1984:
Bill sections 2, 3, 5, 6, 7, and 9 of such chapter amend provisions of
the former Insurance Law that are not possible to juxtapose at this time
due  to the highly technical nature of such changes and will need future
corrective  legislation  to  implement  such  provisions  into  the  new
Insurance Law as enacted by such Chapter 367 of the Laws of 1984.