New York § 7502 - 7502Definitions
Full text of New York New York Consolidated Laws § 7502 — 7502Definitions, with citation guidance and answers to common questions.
§ 7502. 7502Definitions
§ 7502. Definitions. In this article: (a) "Board" means the board of directors of The Life Insurance Guaranty Corporation. (b) "Assessment" means a payment made by a company into the guaranty fund. (c) "Contributor" means a company paying an assessment. (d) "Corporation" means "The Life Insurance Guaranty Corporation." (e) "Fund" means the guaranty fund provided by this article. (f) "Member company" means any domestic life insurance company having a representative serving as a director upon the board of directors of the corporation. (g) "Policies" means insurance policies; "contracts" means annuity contracts; both terms include policies or contracts of reinsurance issued by a member company.
Frequently Asked Questions About New York § 7502
What does New York Consolidated Laws § 7502 cover?
Section 7502 ("7502Definitions") 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 § 7502?
A common citation format is "New York Consolidated Laws § 7502" (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 § 7502 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.