Federal and State Laws
New York Laws
New York Insurance Law Article 72 - DOMESTICATION OF THE UNITED STATES BRANCH OF AN ALIEN INSURER
7201 - Definitions.
In this article: (a) "Domestication" means the reorganization pursuant to the provisions of this article of the United States branch of an alien insurer whereby...
7202 - Domestication of the United States Branch of an Alien Insurer Permitted.
(a) (1) Upon compliance with the provisions of this article any licensed alien insurer having its United States branch entered through this state and owning...
7203 - Authorization and Execution of Domestication Agreement.
(a) Such domestication agreement shall be authorized, adopted, approved, signed and acknowledged by the alien insurer pursuant to the laws of the country where organized....
7204 - Approval by Superintendent.
(a) An executed counterpart of the domestication agreement, together with certified copies of the corporate proceedings of the acquiring insurer and the alien insurer approving,...
7205 - Consummation of Domestication Agreement; Transfer of Deposits; Withdrawal of Trusteed Assets.
(a) (1) Upon the filing with the superintendent of a certified copy of the instrument of transfer and assumption, the domestication of the United States...
Last modified: February 3, 2019