Statute · New York Financial Services Law
N.Y. Fin. Serv. Law § 101-a — Legislative findings and determinations
N.Y. Fin. Serv. Law § 101-a
- Type
- Statute
- Source
- New York Financial Services Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 101-a. Legislative findings and determinations. The legislature finds and determines that the banking, insurance and financial services industries constitute a critical sector of New York state's economy.
Citator
N.Y. Fin. Serv. Law § 101-a — Legislative findings and determinations is in force in the current edition of the Code, and nothing recorded condemns it.
§ 101-a. Legislative findings and determinations. The legislature finds and determines that the banking, insurance and financial services industries constitute a critical sector of New York state's economy.
The legislature also finds and determines that responsive, effective, innovative, state banking and insurance regulation is necessary to operate in a global, evolving and competitive market place.
The legislature additionally finds and determines that this legislation is necessary to modernize and transform the present state banking department and state insurance department into a new integrated department of financial services.