2013 New York Consolidated Laws
ISC - Insurance
Article 72 - (7201 - 7205) DOMESTICATION OF THE UNITED STATES BRANCH OF AN ALIEN INSURER
7204 - Approval by superintendent.

 
    § 7204. Approval by superintendent. (a) An executed counterpart of the
  domestication agreement, together with certified copies of the corporate
  proceedings  of  the  acquiring insurer and the alien insurer approving,
  adopting and authorizing the execution of such domestication  agreement,
  and,  in  the  case  of  a  foreign insurer, the written approval of the
  insurance supervisory official of the state in which  the  wholly  owned
  foreign   insurer   is   incorporated,   shall   be   submitted  to  the
  superintendent for his approval.
    (b) If  satisfied  that  the  agreement  is  in  accordance  with  the
  provisions  of  this article and that the interests of policyholders and
  creditors of the United  States  branch  are  not  materially  adversely
  affected the superintendent may approve such domestication agreement and
  authorize  its consummation in compliance with the provisions of section
  seven thousand two hundred five of this article.