Statute · New York Insurance Law
N.Y. Ins. Law § 1718 — Expenses for group-wide supervision
N.Y. Ins. Law § 1718
- Type
- Statute
- Source
- New York Insurance Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 1718. Expenses for group-wide supervision. A parent corporation shall be liable for and shall pay the reasonable expenses of the superintendent's participation in the administration of group-wide supervision of internationally active insurance groups, including the engagement of attorneys,…
Citator
N.Y. Ins. Law § 1718 — Expenses for group-wide supervision is in force in the current edition of the Code, and nothing recorded condemns it.
§ 1718. Expenses for group-wide supervision. A parent corporation shall be liable for and shall pay the reasonable expenses of the superintendent's participation in the administration of group-wide supervision of internationally active insurance groups, including the engagement of attorneys, actuaries, and any other professionals and all reasonable travel expenses.