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2012 New York Consolidated Laws
ISC - Insurance
Article 72 - (7201 - 7205) DOMESTICATION OF THE UNITED STATES BRANCH OF AN ALIEN INSURER
7203 - Authorization and execution of domestication agreement.


NY Ins L § 7203 (2012) What's This?
 
    §  7203.  Authorization  and execution of domestication agreement. (a)
  Such domestication agreement shall  be  authorized,  adopted,  approved,
  signed and acknowledged by the alien insurer pursuant to the laws of the
  country where organized.
    (b)  Such  agreement shall also be approved, adopted and authorized by
  the acquiring insurer's board of directors and executed by its president
  or any vice  president  and  attested  by  its  secretary  or  assistant
  secretary  under  its  corporate  seal,  or,  in  the  case of a foreign
  insurer, as otherwise provided in the laws of the state of its domicile.

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