N.Y. Insurance Law Section 1511
Expenses for group-wide supervision

A controlled insurer shall be liable for and shall pay the reasonable expenses of the superintendent’s participation in the administration of group-wide supervision of internationally active insurance groups, including the engagement of attorneys, actuaries, and any other professionals and all reasonable travel expenses.

Source: Section 1511 — Expenses for group-wide supervision, https://www.nysenate.gov/legislation/laws/ISC/1511 (updated Aug. 25, 2023; accessed Jul. 19, 2025).

1501
Definitions 1502
Exemptions 1503
Registration 1504
Reporting 1505
Transactions within a holding company system affecting controlled insurers 1506
Acquisition or retention of control of insurers 1507
Management of controlled insurers 1508
Acceptance of reports filed with government agencies 1509
Prohibition of indirect action 1510
Violations 1511
Expenses for group-wide supervision

Up to date

Verified:
Jul. 19, 2025

Last modified:
Aug. 25, 2023

§ 1511. Expenses for group-wide supervision's source at nysenate.gov

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Location: https://newyork.public.law/laws/n.y._insurance_law_section_1511

Original Source: Section 1511 — Expenses for group-wide supervision, https://www.nysenate.gov/legislation/laws/ISC/1511 (last accessed Jul. 19, 2025).

N.Y. Insurance Law Section 1511 Expenses for group-wide supervision

N.Y. Insurance Law Section 1511
Expenses for group-wide supervision