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N.Y. Ins. Law § 1718

Expenses for group-wide supervision

2023-08-25

§ 1718. Expenses for group-wide supervision. A parent corporation\nshall be liable for and shall pay the reasonable expenses of the\nsuperintendent's participation in the administration of group-wide\nsupervision of internationally active insurance groups, including the\nengagement of attorneys, actuaries, and any other professionals and all\nreasonable travel expenses.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.