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2015 New York Laws
FIS - Financial Services Law
Article 1 - (Financial Services Law) GENERAL PROVISIONS
101-A - Legislative findings and determinations.

NY Fin Serv L § 101-A (2015) What's This?
  101-a.  Legislative  findings  and  determinations. The legislature
  finds and determines that the banking, insurance and financial  services
  industries constitute a critical sector of New York state's economy.

The  legislature also finds and determines that responsive, effective,
  innovative, state banking  and  insurance  regulation  is  necessary  to
  operate in a global, evolving and competitive market place.

The   legislature   additionally   finds   and  determines  that  this
  legislation is necessary to modernize and transform  the  present  state
  banking  department and state insurance department into a new integrated
  department of financial services.

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