New York § 4206 Deposits by life, accident and health, and legal services insurance companies

New York Statutes

§ 4206 — Deposits by life, accident and health, and legal services insurance companies

New York § 4206

Law ISCInsurance

Art. 42Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies

This text of New York § 4206 (Deposits by life, accident and health, and legal services insurance companies) 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 § 4206 (2026).

Text

  § 4206. Deposits by life, accident and health, and legal services\ninsurance companies. Before being licensed to do business, every\ndomestic life insurance company, every domestic accident and health\ninsurance company and every domestic legal services insurance company\nshall deposit with the superintendent at least one hundred thousand\ndollars in securities eligible for deposits, except that every such\ncompany initially licensed on or after July first, nineteen hundred\neighty-two shall make a deposit with the superintendent at least equal\nto two hundred percent of the amount required hereinabove.\n

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§ 4206. Deposits by life, accident and health, and legal services\ninsurance companies. Before being licensed to do business, every\ndomestic life insurance company, every domestic accident and health\ninsurance company and every domestic legal services insurance company\nshall deposit with the superintendent at least one hundred thousand\ndollars in securities eligible for deposits, except that every such\ncompany initially licensed on or after July first, nineteen hundred\neighty-two shall make a deposit with the superintendent at least equal\nto two hundred percent of the amount required hereinabove.\n