N.Y. Insurance Law § 7101: Definitions

§ 7101. Definitions. In this article:

(a) "Merger" means the merger of two or more companies in a single

company which is one of the constituent companies.

(b) "Consolidation" means the consolidation of two or more companies

into a single new company.

(c) "Constituent company" means an existing company that is

participating in the merger or consolidation with one or more other

companies.

(d) "Surviving company" means the constituent company into which one

or more other constituent companies are merged.

(e) "Consolidated company" means the new company into which two or

more constituent companies are consolidated.

(f) "Company" means an insurance company.

(g) "Acquisition of assets" and "acquire the assets of", means the

acquisition through the purchase or otherwise of all or substantially

all of the assets of a domestic company or of any company by a domestic

company.