New York Insurance Law Article 73 - CONVERSION TO DIFFERENT TYPE OF INSURER
- 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.
- 7302 - Conversion of Stock Life Insurance Companies Into Mutual Companies.
(a) A domestic stock life insurance company may become a mutual life insurance company, whether or not its policyholders have become entitled to vote for...
- 7303 - Conversion of Retirement Systems Into Mutual Life Insurance Companies.
Any retirement system licensed pursuant to article forty-six of this chapter may be converted into and licensed as a mutual life insurance company, to do...
- 7304 - Conversion of Fraternal Benefit Societies Into Mutual Life Insurance Companies.
Any domestic fraternal benefit society, as defined in subsection (a) of section four thousand five hundred one of this chapter, may be converted into and...
- 7305 - Conversion of Assessment Corporations Into Advance Premium Corporations.
Any assessment corporation, as defined in section six thousand six hundred two of this chapter, licensed under section six thousand six hundred three of this...
- 7306 - Conversion of Advance Premium Corporations or Assessment Corporations Into Mutual Property/casualty Insurance Companies.
Any advance premium corporation or assessment corporation, as defined in section six thousand six hundred two of this chapter, which has in force contracts of...
- 7306-a - Reconversion of Domestic Mutual Property/casualty Insurance Company Into Advance Premium Corporation or Assessment Corporation.
Any domestic mutual property/casualty insurance company, organized under article twelve of this chapter and licensed under article forty-one of this chapter which was previously organized...
- 7307 - Conversion of Domestic Mutual Property/casualty Insurance Companies or Advance Premium Corporations Into Domestic Stock Property/casualty Insurance Companies; Insurers Not in Rehabilitation.
(a) In this article: (1) "Affiliate" of a mutual insurer means any person who controls, is controlled by or is under common control with, the...
- 7308 - Conversion of Domestic Reciprocal Insurers Into Stock Property/casualty Insurance Companies.
(a) Any domestic reciprocal insurer doing business under the provisions of this article may, by the affirmative vote of its subscribers holding two-thirds of its...
- 7309 - Conversion of Domestic Reciprocal Insurers Into Mutual Property/casualty Insurance Companies.
Any domestic reciprocal insurer doing business under the provisions of this article which has in force contracts of insurance, of the kinds which domestic mutual...
- 7310 - Reorganization of Domestic Guarantee Capital Life Insurance Companies Into Domestic Stock Life Insurance Companies.
(a) As used in this section, the following terms shall have the following meanings: (1) "Guarantee capital insurer" means a domestic life insurer with a...
- 7311 - Conversion of Domestic Mutual Property/casualty Insurance Companies or Advance Premium Corporations Into Domestic Stock Property/casualty Insurance Companies; Insurers in Rehabilitation.
(a) A domestic mutual insurer organized under article twelve of this chapter and licensed pursuant to article forty-one of this chapter and operating pursuant to...
- 7312 - Reorganization of a Domestic Mutual Life Insurer Into a Domestic Stock Life Insurer.
(a) Definitions. As used in this section, the following terms shall have the following meanings: (1) "Mutual life insurer" means a domestic mutual life insurer....
- 7313 - Reorganization of Domestic Mutual Accident and Health Insurance Companies.
(a) In this section: (1) "Affiliate" of a mutual insurer means any person who controls, is controlled by or is under common control with, the...
- 7315 - Reorganization of Domestic Life Insurance Companies.
Notwithstanding any other provision of this chapter, a domestic mutual life insurance company which has a surplus of less than one million dollars as shown...
- 7316 - Conversion of Savings Banks Life Insurance Into a Mutual Life Insurance Company.
(a) (1) Upon compliance with the requirements of this section, the life insurance business conducted by all savings and insurance banks as defined in article...
- 7317 - Conversion of Certain Article 43 Corporations.
(a) (1) An article forty-three corporation which was the subject of an initial opinion and decision issued by the superintendent on or before December thirty-first,...
Last modified: February 3, 2019