There is a newer version of the New York Consolidated Laws
2006 New York Code - Reimbursement For Claims Paid By Insurers
§ 707. Reimbursement for claims paid by insurers. Any life insurance corporation which has paid to the state comptroller moneys deemed abandoned property pursuant to the provisions of this article may make payment to any person entitled to all or any part thereof and shall thereby acquire all of the rights of such person to payment by the state comptroller.
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