New York § 1303 Loss or claim reserves

New York Statutes

§ 1303 — Loss or claim reserves

New York § 1303

Law ISCInsurance

Art. 13Assets and Deposits

This text of New York § 1303 (Loss or claim reserves) 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 § 1303 (2026).

Text

  § 1303. Loss or claim reserves. Every insurer shall, except as\nprovided in section one thousand three hundred four of this article and\nsubject to specific provisions of this chapter, maintain reserves in an\namount estimated in the aggregate to provide for the payment of all\nlosses or claims incurred on or prior to the date of statement, whether\nreported or unreported, which are unpaid as of such date and for which\nsuch insurer may be liable, and also reserves in an amount estimated to\nprovide for the expenses of adjustment or settlement of such losses or\nclaims.\n

Free access — add to your briefcase to read the full text and ask questions with AI

§ 1303. Loss or claim reserves. Every insurer shall, except as\nprovided in section one thousand three hundred four of this article and\nsubject to specific provisions of this chapter, maintain reserves in an\namount estimated in the aggregate to provide for the payment of all\nlosses or claims incurred on or prior to the date of statement, whether\nreported or unreported, which are unpaid as of such date and for which\nsuch insurer may be liable, and also reserves in an amount estimated to\nprovide for the expenses of adjustment or settlement of such losses or\nclaims.\n