N.Y. Insurance Law § 104: Continuation of existing offices, licenses, approvals and proceedings

§ 104. Continuation of existing offices, licenses, approvals and

proceedings.

(a) All persons who, at the effective date of this chapter, held any

office in the department shall continue to hold such office under and

subject to this chapter.

(b) Every license of an insurer, insurance agent, insurance broker,

public adjuster, reinsurance intermediary, insurance consultant or other

licensee in force immediately prior to the effective date of this

chapter shall continue in force until its date of expiration or until

terminated pursuant to this chapter.

(c) Every insurer doing business in this state as an authorized

insurer at the effective date of this chapter may continue to transact

the kind or kinds of insurance business it was licensed to transact on

such date until the date of expiration of its license or until the

license is terminated pursuant to this chapter.

(d) Every form of policy, contract, certificate, application, rider or

endorsement in use immediately prior to the effective date of this

chapter which was approved by the superintendent pursuant to any law

herein repealed may, unless he prescribes otherwise, continue to be

issued in accordance with the approval:

(1) following such effective date, if the form complies with this

chapter and did comply with the repealed law, or

(2) for six months following such effective date, if it does not

comply with this chapter but did comply with the repealed law.

(e) No action or proceeding commenced before the effective date of

this chapter, and no violation of any provision of law hereby repealed,

shall be affected by such repeal, but all procedure hereafter taken in

reference thereto shall conform to the provisions of this chapter as far

as practicable.