N.Y. Insurance Law § 1103: Duration of licenses

§ 1103. Duration of licenses. (a) Every license issued to a domestic

insurer shall be for an indefinite term and shall expire with the

expiration or termination of its corporate existence.

(b) Every license, including every renewal license, issued to a

foreign or alien insurer shall be for a term expiring on June thirtieth

following the date of issuance, except that at any time after a licensed

foreign or alien insurer has filed its annual statement pursuant to

section three hundred seven of this chapter the superintendent may issue

to such insurer a renewal license for the next year.