N.Y. Insurance Law § 4206: Deposits by life, accident and health, and legal services insurance companies

§ 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.