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2013 New York Consolidated Laws
ISC - Insurance
Article 72 - (7201 - 7205) DOMESTICATION OF THE UNITED STATES BRANCH OF AN ALIEN INSURER
7201 - Definitions.


NY Ins L § 7201 (2012) What's This?
 
    § 7201. Definitions. In this article:
    (a) "Domestication"   means   the   reorganization   pursuant  to  the
  provisions of this article of the  United  States  branch  of  an  alien
  insurer  whereby  a domestic or foreign insurer succeeds to all business
  and assets and assumes all liabilities of such branch.
    (b) "United States branch"  means  the  business  unit  through  which
  business  is transacted within the United States by an alien insurer and
  the assets and liabilities of such  insurer  within  the  United  States
  pertaining to such business.
    (c) "Domestic  insurer"  means  a stock insurance company incorporated
  under the laws of this state.
    (d) "Foreign insurer" means a  stock  insurance  company  incorporated
  under the laws of any other state.

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