New York Insurance Law Article 41 - PROPERTY/CASUALTY INSURANCE COMPANIES

• 4101 - Definitions.
  In this article: (a) "Basic kinds of insurance" means the kinds of insurance described in the following paragraphs of subsection (a) of section one thousand...
• 4102 - Powers.
  * (a) A property/casualty insurance company may be organized and licensed to write any one or more basic kinds of insurance. (b) A property/casualty insurance...
• 4103 - Stock Companies; Financial Requirements.
  * (a) (1) A stock property/casualty insurance company organized in the manner prescribed in subsection (a) of section one thousand two hundred one of this...
• 4104 - Deposits.
  * (a) Before being licensed to write one or more of the kinds of insurance defined respectively in the following paragraphs of subsection (a) of...
• 4105 - Domestic Stock Companies; Declaration and Payment of Dividends.
  (a) Except as provided in subsection (c) of this section no domestic stock property/casualty insurance company shall declare or distribute any dividend to shareholders except...
• 4106 - Stock Companies; Participating Policies.
  A stock property/casualty insurance company authorized to do business in this state may include in its charter a provision authorizing the board of directors to...
• 4107 - Domestic Mutual Companies; Financial and Other Requirements.
  * (a) (1) A mutual property/casualty insurance company organized in the manner prescribed in subsection (a) of section one thousand two hundred one of this...
• 4108 - Foreign and Alien Mutual Companies; Licensing.
  (a) No foreign or alien mutual property/casualty insurance company shall be granted a license to do business in this state unless it substantially complies with...
• 4109 - Mutual Companies; Special Contingent Surplus.
  (a) A domestic mutual property/casualty insurance company licensed to write any of the kinds of insurance defined respectively in the following paragraphs of subsection (a)...
• 4110 - Domestic Mutual Companies; Expense Limits.
  (a) No domestic mutual property/casualty insurance company licensed to write a kind of insurance specified in paragraph seven, eight, nine, ten, eleven, thirteen, fourteen, fifteen,...
• 4111 - Mutual Companies; Assessments.
  (a) Except as provided in section four thousand one hundred thirteen of this article, every domestic mutual property/casualty insurance company shall in its by-laws and...
• 4112 - Mutual Companies; Protection Against Assessments.
  No domestic mutual property/casualty insurance company and no officer or representative thereof shall make any contract whether on behalf of such company or of all...
• 4113 - Mutual Companies; Non-Assessable Policies.
  * (a) Every mutual property/casualty insurance company licensed to do business in this state, if its charter or by-laws permit or are amended to permit...
• 4114 - Mutual Companies; Dividends.
  The board of directors of a mutual property/casualty insurance company may from time to time fix and determine an amount to be declared and paid...
• 4115 - Certain Mutual Companies Existing Prior to January First, Nineteen Hundred Forty.
  (a) Notwithstanding the provisions of sections four thousand one hundred eleven, four thousand one hundred thirteen and four thousand one hundred fourteen of this article,...
• 4116 - Domestic Mutual Companies; Voting Rights of Members.
  The charter or by-laws of any domestic mutual property/casualty insurance company may, with the approval of the superintendent pursuant to section one thousand two hundred...
• 4117 - Loss and Loss Expense Reserves.
  (a) In determining the financial condition of any property/casualty insurance company for the purpose of applying the provisions of this chapter, and in any financial...
• 4118 - Limitation of Risks; Fidelity and Surety; Fire; Hospital Mutuals.
  (a) (1) In applying the limitation of section one thousand one hundred fifteen of this chapter to fidelity and surety risks the net amount of...
• 4119 - Foreign and Alien Companies; License Qualification.
  No foreign or alien property/casualty insurance company shall be licensed to do business in this state unless it shall have continuously transacted an insurance business...
• 4121 - Security May Be Required From Banking Officers and Employees.
  (a) The board of directors or trustees of each bank, trust company, savings bank or savings and loan associations in this state, may require from...

Last modified: February 3, 2019