New York § 4119 - 4119Foreign and alien companies; license qualification
Full text of New York New York Consolidated Laws § 4119 — 4119Foreign and alien companies; license qualification, with citation guidance and answers to common questions.
§ 4119. 4119Foreign and alien companies; license qualification
§ 4119. Foreign and alien companies; license qualification. No foreign or alien property/casualty insurance company shall be licensed to do business in this state unless it shall have continuously transacted an insurance business in the state or country of its incorporation for at least three years immediately prior to the issuance of such license. The superintendent may waive or reduce the three year requirement, with respect to a license applicant, upon determination that the three year period is not necessary to safeguard the interests of the public or policyholders.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 4119
What does New York Consolidated Laws § 4119 cover?
Section 4119 ("4119Foreign and alien companies; license qualification") 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 § 4119?
A common citation format is "New York Consolidated Laws § 4119" (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 § 4119 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.