New York § 7204 - 7204Approval by superintendent
Full text of New York New York Consolidated Laws § 7204 — 7204Approval by superintendent, with citation guidance and answers to common questions.
§ 7204. 7204Approval by superintendent
§ 7204. Approval by superintendent. (a) An executed counterpart of the domestication agreement, together with certified copies of the corporate proceedings of the acquiring insurer and the alien insurer approving, adopting and authorizing the execution of such domestication agreement, and, in the case of a foreign insurer, the written approval of the insurance supervisory official of the state in which the wholly owned foreign insurer is incorporated, shall be submitted to the superintendent for his approval. (b) If satisfied that the agreement is in accordance with the provisions of this article and that the interests of policyholders and creditors of the United States branch are not materially adversely affected the superintendent may approve such domestication agreement and authorize its consummation in compliance with the provisions of section seven thousand two hundred five of this article.
Frequently Asked Questions About New York § 7204
What does New York Consolidated Laws § 7204 cover?
Section 7204 ("7204Approval by superintendent") 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 § 7204?
A common citation format is "New York Consolidated Laws § 7204" (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 § 7204 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.