New York § 1103 Duration of licenses

New York Statutes

§ 1103 — Duration of licenses

New York § 1103

Law ISCInsurance

Art. 11Licensing of Insurers

This text of New York § 1103 (Duration of licenses) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Insurance § 1103 (2026).

Text

§ 1103. Duration of licenses.

(a)Every license issued to a domestic\ninsurer shall be for an indefinite term and shall expire with the\nexpiration or termination of its corporate existence.\n (b) Every license, including every renewal license, issued to a\nforeign or alien insurer shall be for a term expiring on June thirtieth\nfollowing the date of issuance, except that at any time after a licensed\nforeign or alien insurer has filed its annual statement pursuant to\nsection three hundred seven of this chapter the superintendent may issue\nto such insurer a renewal license for the next year.\n

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§ 1103. Duration of licenses. (a) Every license issued to a domestic\ninsurer shall be for an indefinite term and shall expire with the\nexpiration or termination of its corporate existence.\n (b) Every license, including every renewal license, issued to a\nforeign or alien insurer shall be for a term expiring on June thirtieth\nfollowing the date of issuance, except that at any time after a licensed\nforeign or alien insurer has filed its annual statement pursuant to\nsection three hundred seven of this chapter the superintendent may issue\nto such insurer a renewal license for the next year.\n