GroundRules
← Search the law
New York · Through 2026-09-11

N.Y. Financial Services Law § 205: Bureaus

Read at publisher ↗
Where this section sits in the code
  1. Financial Services Law
  2. Article 2. Organization of the Department of Financial Services

§ 205. Bureaus. The superintendent shall establish an insurance

division and a banking division. The superintendent may establish such

other bureaus, divisions, and other units within the department as may

be necessary for the administration and operation of the department and

the proper exercise of its powers and the performance of its duties,

under this chapter, and may, from time to time, consolidate or abolish

such divisions, bureaus or other units within the department.

Notwithstanding any inconsistent provision of law, the superintendent

may determine the official functions of each division, bureau, or other

unit within the department. There shall be a head of each bureau,

division or other unit to be appointed by the superintendent, who shall

serve at the pleasure of the superintendent, except as may be otherwise

provided by the civil service law. The heads of bureaus, divisions or

units in the banking and insurance departments who are in office when

this chapter takes effect shall continue in office at the pleasure of

the superintendent, except as may be otherwise provided by the civil

service law.

Collected 2026-09-14T19:32:44Z. Source file · JSON

Browse this collection