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2013 New York Consolidated Laws
ISC - Insurance
Article 41 - (4101 - 4121) PROPERTY/CASUALTY INSURANCE COMPANIES
4119 - Foreign and alien companies; license qualification.


NY Ins L § 4119 (2012) What's This?
 
    § 4119. Foreign and alien companies; license qualification. No foreign
  or  alien  property/casualty  insurance  company shall be licensed to do
  business in this state unless it shall have continuously  transacted  an
  insurance  business  in the state or country of its incorporation for at
  least three years immediately prior to the issuance of such license. The
  superintendent may waive or reduce  the  three  year  requirement,  with
  respect  to  a license applicant, upon determination that the three year
  period is not necessary to safeguard the  interests  of  the  public  or
  policyholders.

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