N.Y. Insurance Law Section 1718
Expenses for group-wide supervision

A parent corporation 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 1718 — Expenses for group-wide supervision, https://www.­nysenate.­gov/legislation/laws/ISC/1718 (updated Aug. 25, 2023; accessed Jun. 15, 2024).

Jun. 15, 2024

Last modified:
Aug. 25, 2023

§ 1718’s source at nysenate​.gov

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