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2015 New York Laws
ISC - Insurance
Article 45 - (Insurance) FRATERNAL BENEFIT SOCIETIES
4528 - New business limitations.

NY Ins L § 4528 (2015) What's This?
 4528. New business limitations. Every authorized society shall limit
  the  issuance  of  new  life  insurance  certificates  and  new  annuity
  contracts  in  accordance  with  requirements  for  new  life  insurance
  policies  and  new  annuity  contracts  under  section four thousand two
  hundred twenty-seven of this chapter, except that:

(a) No such limitations shall apply to new life insurance certificates
  or new annuity contracts issued by the  society  before  January  first,
  nineteen hundred ninety-eight; and

(b)  Limitations equal to one hundred fifty percent of the limitations
  established in section four thousand two hundred  twenty-seven  of  this
  chapter  shall  apply to new life insurance certificates and new annuity
  contracts issued by the society after January  first,  nineteen  hundred
  ninety-eight but before January first, two thousand; and

(c)  The  limitations established in section four thousand two hundred
  twenty-seven of this chapter shall fully apply to all new life insurance
  certificates and all new annuity contracts issued by the society  on  or
  after January first, two thousand.

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