There is a newer version
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the New York Laws
2019 New York Laws
ISC - Insurance
Article 73 - Conversion to Different Type of Insurer
7315 - Reorganization of Domestic Life Insurance Companies.
Universal Citation: NY Ins L § 7315 (2019)
§ 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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