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2013 New York Consolidated Laws
ISC - Insurance
Article 73 - (7301 - 7317) CONVERSION TO DIFFERENT TYPE OF INSURER
7315 - Reorganization of domestic life insurance companies.


NY Ins L § 7315 (2012) What's This?
 
    §   7315.   Reorganization   of  domestic  life  insurance  companies.
  Notwithstanding any other provision of this chapter, a  domestic  mutual
  life  insurance  company  which  has  a surplus of less than one million
  dollars as shown on its last filed annual statement may reorganize  into
  a  domestic  stock  life  insurance company in accordance with a plan of
  reorganization found by the superintendent to be fair and equitable.

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