N.Y. Insurance Law Section 7109
Limitation on enlargement of powers


This article shall not enlarge the charter powers of any company except in conformity with the provisions of the proposed charter of the surviving or consolidated company as provided in § 7103 (Content of merger or consolidation agreement, and of charter of surviving or consolidated company)section seven thousand one hundred three of this article, nor authorize any company to do any kind of insurance business not authorized by its charter, nor authorize any foreign or alien company to do any kind of insurance business in this state not authorized by its license or certificate of authority to do business in this state.

Source: Section 7109 — Limitation on enlargement of powers, https://www.­nysenate.­gov/legislation/laws/ISC/7109 (updated Sep. 22, 2014; accessed Dec. 21, 2024).

Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 7109’s source at nysenate​.gov

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