New York Insurance Law Article 64 - TITLE INSURANCE CORPORATIONS

• 6401 - Definitions.
  In this article, the following definitions apply except as otherwise specified: (a) "Title insurance corporation" means a corporation exercising any of the powers described in...
• 6402 - Organization; Financial Requirements.
  A title insurance corporation may be organized and licensed in the manner prescribed in subsection (e) of section one thousand one hundred two and section...
• 6403 - Management and Powers of Title Insurance Corporation.
  (a) The business and affairs of every title insurance corporation shall be managed under the direction of its board of directors. (b) Every title insurance...
• 6404 - Assets; Title Plant; Valuation.
  In determining the financial condition of any corporation doing business under this article, the superintendent shall allow as admitted assets only such assets as are...
• 6405 - Reserves.
  (a) Every title insurance corporation organized and doing an insurance business under this article shall establish, segregate and maintain a reinsurance reserve during the period...
• 6406 - Investments; Exception.
  (a) Every title insurance corporation organized and doing business under this article shall invest and keep invested an amount at least equal to its required...
• 6407 - Restrictions on Dividends.
  (a) No title insurance corporation shall declare or pay any cash or property dividend on its capital shares, or declare or distribute a stock dividend...
• 6408 - Prohibition on Engaging in Certain Business Activities.
  (a) No person, firm, association or corporation shall engage in business as a title insurance corporation except pursuant to the provisions of this article. This...
• 6409 - Filing of Policy Forms; Rates; Classification of Risks; Commissions and Rebates Prohibited.
  (a) No title insurance policy shall be issued or delivered in this state, unless it has been filed with the superintendent in accordance with article...
• 6410 - Merger.
  The merger of two or more corporations organized pursuant to section six thousand four hundred two of this article or organized under the laws of...
• 6411 - Merger of Parent Corporation and Wholly-Owned Subsidiary.
  (a) Notwithstanding the provisions of section six thousand four hundred ten of this article and article fifteen of this chapter, and any rights conferred therein...

Last modified: February 3, 2019