2006 New York Code - Continuation Of Existing Offices, Licenses, Approvals And Proceedings.

 
    §  104.  Continuation  of  existing  offices,  licenses, approvals and
  proceedings.
    (a) All persons who, at the effective date of this chapter,  held  any
  office  in  the  department shall continue to hold such office under and
  subject to this chapter.
    (b) Every license of an insurer, insurance  agent,  insurance  broker,
  public adjuster, reinsurance intermediary, insurance consultant or other
  licensee  in  force  immediately  prior  to  the  effective date of this
  chapter shall continue in force until its date of  expiration  or  until
  terminated pursuant to this chapter.
    (c)  Every  insurer  doing  business  in  this  state as an authorized
  insurer at the effective date of this chapter may continue  to  transact
  the  kind  or kinds of insurance business it was licensed to transact on
  such date until the date of expiration  of  its  license  or  until  the
  license is terminated pursuant to this chapter.
    (d) Every form of policy, contract, certificate, application, rider or
  endorsement  in  use  immediately  prior  to  the effective date of this
  chapter which was approved by the superintendent  pursuant  to  any  law
  herein  repealed  may,  unless  he  prescribes otherwise, continue to be
  issued in accordance with the approval:
    (1) following such effective date, if  the  form  complies  with  this
  chapter and did comply with the repealed law, or
    (2)  for  six  months  following  such  effective date, if it does not
  comply with this chapter but did comply with the repealed law.
    (e) No action or proceeding commenced before  the  effective  date  of
  this  chapter, and no violation of any provision of law hereby repealed,
  shall be affected by such repeal, but all procedure hereafter  taken  in
  reference thereto shall conform to the provisions of this chapter as far
  as practicable.