Statute · New York Insurance Law
N.Y. Ins. Law § 1316 — Voluntary deposits
N.Y. Ins. Law § 1316
- Type
- Statute
- Source
- New York Insurance Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 1316. Voluntary deposits. The superintendent may receive from any authorized insurer a deposit required by or pursuant to the laws of another state as a prerequisite to doing business in such other state, and may also receive from any insurer any additions to its deposits which are reasonably…
Citator
N.Y. Ins. Law § 1316 — Voluntary deposits is in force in the current edition of the Code, and nothing recorded condemns it.
§ 1316. Voluntary deposits. The superintendent may receive from any authorized insurer a deposit required by or pursuant to the laws of another state as a prerequisite to doing business in such other state, and may also receive from any insurer any additions to its deposits which are reasonably necessary to maintain the aggregate value of such deposit at least equal to the amount required.