N.Y. Insurance Law Section 4205
Life, accident and health, and legal services insurance companies

  • engaging in other business
No life insurance company licensed to do a life insurance business in this state shall do any business other than the kinds of business specified in paragraphs one, two, three, twenty-nine and thirty-one of subsection (a) of section one thousand one hundred thirteen, sections one thousand one hundred fourteen, one thousand seven hundred fourteen and three thousand two hundred twenty-two of this chapter and such other business as is necessarily or properly incidental thereto. Except as stated in § 1106 (Additional requirements for foreign or alien insurer’s license)section one thousand one hundred six of this chapter, this section shall apply to the business within or without this state of such a foreign life insurance company and shall apply only to the business within the United States of such an alien life insurance company.

Source: Section 4205 — Life, accident and health, and legal services insurance companies; engaging in other business, https://www.­nysenate.­gov/legislation/laws/ISC/4205 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

4202
Capital and surplus requirements of life insurance companies 4203
Transfer of shares of domestic life insurance company 4204
Financial requirements for the organization of stock accident and health insurance companies and stock legal services insurance companies 4205
Life, accident and health, and legal services insurance companies 4206
Deposits by life, accident and health, and legal services insurance companies 4207
Dividends to shareholders of life, and accident and health insurance companies 4208
Financial and additional requirements for the organization of mutual life, accident and health, and legal services insurance companies 4209
Mutual life insurance companies, mutual accident and health insurance companies 4210
Election of directors of domestic mutual life insurance companies 4211
Election of directors of domestic stock life insurance companies 4212
Stock life insurance companies 4213
Industrial life insurance 4214
Industrial accident and industrial health insurance 4215
Contracts with industrial life insurance agents 4216
Group life insurance 4217
Valuation of insurance policies and contracts 4218
When actual premium is less than net premium 4219
Limitation on accumulation of surplus of life insurance companies 4220
Life insurance and annuities 4221
Standard nonforfeiture law 4222
Policy loans 4223
Standard nonforfeiture law for annuities 4224
Life, accident and health insurance 4225
Domestic life insurance companies 4226
Misrepresentations, misleading statements and incomplete comparisons by insurers 4228
Life insurance and annuity business 4230
Salaries and pensions to officers and employees 4231
Policyholder’s participation in surplus of life insurance companies 4232
Amounts credited on certain contracts or life insurance policies 4233
Annual statements of life insurance companies 4235
Group accident and health insurance 4236
Joint underwriting of group health insurance for persons aged sixty-five and over 4237
Blanket accident and health insurance 4237‑A
Stop-loss insurance 4238
Group annuity contracts 4239
Allocation and reporting of income and expenses of life insurers 4240
Separate accounts 4241
Penalty for violation of filing requirements
Green check means up to date. Up to date

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 4205’s source at nysenate​.gov

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