N.Y. Insurance Law Section 7301
Prohibited conversion

No insurer organized or licensed under this chapter shall convert to a different type of insurer except as provided in this article.

Source: Section 7301 — Prohibited conversion, https://www.­nysenate.­gov/legislation/laws/ISC/7301 (updated Sep. 22, 2014; accessed Jan. 18, 2025).

7301
Prohibited conversion 7302
Conversion of stock life insurance companies into mutual companies 7303
Conversion of retirement systems into mutual life insurance companies 7304
Conversion of fraternal benefit societies into mutual life insurance companies 7305
Conversion of assessment corporations into advance premium corporations 7306
Conversion of advance premium corporations or assessment corporations into mutual property/casualty insurance companies 7306‑A
Reconversion of domestic mutual property/casualty insurance company into advance premium corporation or assessment corporation 7307
Conversion of domestic mutual property/casualty insurance companies or advance premium corporations into domestic stock property/casualty... 7308
Conversion of domestic reciprocal insurers into stock property/casualty insurance companies 7309
Conversion of domestic reciprocal insurers into mutual property/casualty insurance companies 7310
Reorganization of domestic guarantee capital life insurance companies into domestic stock life insurance companies 7311
Conversion of domestic mutual property/casualty insurance companies or advance premium corporations into domestic stock property/casualty... 7312
Reorganization of a domestic mutual life insurer into a domestic stock life insurer 7313
Reorganization of domestic mutual accident and health insurance companies 7315
Reorganization of domestic life insurance companies 7316
Conversion of savings banks life insurance into a mutual life insurance company 7317
Conversion of certain article 43 corporations
Green check means up to date. Up to date

Accessed:
Jan. 18, 2025

Last modified:
Sep. 22, 2014

§ 7301’s source at nysenate​.gov

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