New York § 2323 - 2323Profitability and rates of return; where prior approval is not required
Full text of New York New York Consolidated Laws § 2323 — 2323Profitability and rates of return; where prior approval is not required, with citation guidance and answers to common questions.
§ 2323. 2323Profitability and rates of return; where prior approval is not required
* § 2323. Profitability and rates of return; where prior approval is not required. (a) The superintendent shall by regulation establish a method for determining profitability, from whatever source profits are derived, and rates of return on net worth, assets and earned premiums, with respect to each kind of insurance subject to this article, based on reasonable and uniform assumptions, including assumptions as to: (1) amounts of net worth attributable to such kinds of insurance; (2) assets available for investment generated by such kinds of insurance; (3) federal income taxes; and (4) average earnings on insurers' investments. (b) The regulation shall require insurers annually to report to the superintendent, who will make these reports available to the public, concerning such profitability and rates of return. (c) This section shall be applicable to kinds of insurance or insurance activities the rates for which, pursuant to subsection (a) of section two thousand three hundred five of this article, are not subject to prior approval. * NB Expires July 1, 2026
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 2323
What does New York Consolidated Laws § 2323 cover?
Section 2323 ("2323Profitability and rates of return; where prior approval is not required") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 2323?
A common citation format is "New York Consolidated Laws § 2323" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 2323 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.