New York § 4119 Foreign and alien companies; license qualification

New York Statutes

§ 4119 — Foreign and alien companies; license qualification

New York § 4119

Law ISCInsurance

Art. 41Property/casualty Insurance Companies

This text of New York § 4119 (Foreign and alien companies; license qualification) 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 § 4119 (2026).

Text

  § 4119. Foreign and alien companies; license qualification. No foreign\nor alien property/casualty insurance company shall be licensed to do\nbusiness in this state unless it shall have continuously transacted an\ninsurance business in the state or country of its incorporation for at\nleast three years immediately prior to the issuance of such license. The\nsuperintendent may waive or reduce the three year requirement, with\nrespect to a license applicant, upon determination that the three year\nperiod is not necessary to safeguard the interests of the public or\npolicyholders.\n

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§ 4119. Foreign and alien companies; license qualification. No foreign\nor alien property/casualty insurance company shall be licensed to do\nbusiness in this state unless it shall have continuously transacted an\ninsurance business in the state or country of its incorporation for at\nleast three years immediately prior to the issuance of such license. The\nsuperintendent may waive or reduce the three year requirement, with\nrespect to a license applicant, upon determination that the three year\nperiod is not necessary to safeguard the interests of the public or\npolicyholders.\n