New York § 7001 - 7001Purpose and applicability
Full text of New York New York Consolidated Laws § 7001 — 7001Purpose and applicability, with citation guidance and answers to common questions.
§ 7001. 7001Purpose and applicability
§ 7001. Purpose and applicability. (a) The purpose of this article is to facilitate the formation and operation of captive insurance companies within the state of New York. (b) In addition to the provisions of this article and this chapter specifically referred to in this article, the following provisions of this chapter shall apply to captive insurance companies: (1) article one of this chapter, pertaining to general provisions; (2) sections three hundred one, three hundred six, three hundred eight, three hundred ten, three hundred eleven, three hundred twelve and three hundred twenty-nine of this chapter and sections two hundred six, three hundred three, three hundred four, three hundred five, three hundred six, three hundred eight, and three hundred nine of the financial services law, pertaining to certain administrative and procedural provisions; and (3) article seventy-four of this chapter, pertaining to rehabilitation, liquidation, conservation and dissolution of insurers.
Frequently Asked Questions About New York § 7001
What does New York Consolidated Laws § 7001 cover?
Section 7001 ("7001Purpose and applicability") 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 § 7001?
A common citation format is "New York Consolidated Laws § 7001" (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 § 7001 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.