New York § 1316 Voluntary deposits

New York Statutes

§ 1316 — Voluntary deposits

New York § 1316

Law ISCInsurance

Art. 13Assets and Deposits

This text of New York § 1316 (Voluntary deposits) 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 § 1316 (2026).

Text

  § 1316. Voluntary deposits. The superintendent may receive from any\nauthorized insurer a deposit required by or pursuant to the laws of\nanother state as a prerequisite to doing business in such other state,\nand may also receive from any insurer any additions to its deposits\nwhich are reasonably necessary to maintain the aggregate value of such\ndeposit at least equal to the amount required.\n

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§ 1316. Voluntary deposits. The superintendent may receive from any\nauthorized insurer a deposit required by or pursuant to the laws of\nanother state as a prerequisite to doing business in such other state,\nand may also receive from any insurer any additions to its deposits\nwhich are reasonably necessary to maintain the aggregate value of such\ndeposit at least equal to the amount required.\n