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2013 New York Consolidated Laws
ISC - Insurance
Article 42 - (4202 - 4241) LIFE INSURANCE COMPANIES AND ACCIDENT AND HEALTH INSURANCE COMPANIES AND LEGAL SERVICES INSURANCE COMPANIES
4206 - Deposits by life, accident and health, and legal services insurance companies.


NY Ins L § 4206 (2012) What's This?
 
    §  4206.  Deposits  by  life,  accident and health, and legal services
  insurance  companies.  Before  being  licensed  to  do  business,  every
  domestic  life  insurance  company,  every  domestic accident and health
  insurance company and every domestic legal  services  insurance  company
  shall  deposit  with  the  superintendent  at least one hundred thousand
  dollars in securities eligible for  deposits,  except  that  every  such
  company  initially  licensed  on  or  after July first, nineteen hundred
  eighty-two shall make a deposit with the superintendent at  least  equal
  to two hundred percent of the amount required hereinabove.

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