N.Y. Insurance Law Section 7012
Franchise taxes

Captive insurance companies licensed to do a captive insurance business shall be liable for the payment of franchise taxes in accordance with Tax Law § 1502-B (Computation of tax for captive insurance companies)section fifteen hundred two-b of the tax law.

Source: Section 7012 — Franchise taxes, https://www.nysenate.gov/legislation/laws/ISC/7012 (updated Sep. 22, 2014; accessed Jan. 31, 2026).

7001
Purpose and applicability 7002
Definitions 7003
License 7004
Required capital and surplus as regards policyholders 7005
Organization and corporate procedure 7006
Annual report 7007
Examinations 7008
Suspension or revocation of license 7009
Investments 7010
Reinsurance 7011
Exemption from compulsory associations 7012
Franchise taxes

Up to date

Verified:
Jan. 31, 2026

Last modified:
Sep. 22, 2014

§ 7012. Franchise taxes's source at nysenate.gov

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Location: https://newyork.public.law/laws/n.y._insurance_law_section_7012

Original Source: Section 7012 — Franchise taxes, https://www.nysenate.gov/legislation/laws/ISC/7012 (last accessed Jan. 31, 2026).

N.Y. Insurance Law Section 7012 Franchise taxes

N.Y. Insurance Law Section 7012
Franchise taxes