4206 - Deposits by life, accident and health, and legal services insurance companies. - New York Statutes

§ 4206. Deposits by life, accident and health, and legal services insurance companies. Before being licensed to do business, every domestic life insurance company, every domestic accident and health insurance company and every domestic legal services insurance company shall deposit with the superintendent at least one hundred thousand dollars in securities eligible for deposits, except that every such company initially licensed on or after July first, nineteen hundred eighty-two shall make a deposit with the superintendent at least equal to two hundred percent of the amount required hereinabove.