N.Y. Insurance Law § 7201: Definitions

§ 7201. Definitions. In this article:

(a) "Domestication" means the reorganization pursuant to the

provisions of this article of the United States branch of an alien

insurer whereby a domestic or foreign insurer succeeds to all business

and assets and assumes all liabilities of such branch.

(b) "United States branch" means the business unit through which

business is transacted within the United States by an alien insurer and

the assets and liabilities of such insurer within the United States

pertaining to such business.

(c) "Domestic insurer" means a stock insurance company incorporated

under the laws of this state.

(d) "Foreign insurer" means a stock insurance company incorporated

under the laws of any other state.