N.Y. Insurance Law Section 1316
Voluntary deposits


The superintendent may receive from any authorized insurer a deposit required by or pursuant to the laws of another state as a prerequisite to doing business in such other state, and may also receive from any insurer any additions to its deposits which are reasonably necessary to maintain the aggregate value of such deposit at least equal to the amount required.

Source: Section 1316 — Voluntary deposits, https://www.­nysenate.­gov/legislation/laws/ISC/1316 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 1316’s source at nysenate​.gov

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