N.Y. Insurance Law § 1103
Duration of licenses
New York · New York Insurance Law · Status: effective · Effective 2014-09-22
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- N.Y. Insurance Law § 1103, Duration of licenses, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1112005
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Full text
§ 1103. Duration of licenses.
(a) Every license issued to a domestic
insurer shall be for an indefinite term and shall expire with the
expiration or termination of its corporate existence.
(b) Every license, including every renewal license, issued to a
foreign or alien insurer shall be for a term expiring on June thirtieth
following the date of issuance, except that at any time after a licensed
foreign or alien insurer has filed its annual statement pursuant to
section three hundred seven of this chapter the superintendent may issue
to such insurer a renewal license for the next year.