N.Y. Insurance Law § 7204: Approval by superintendent

§ 7204. Approval by superintendent. (a) An executed counterpart of the

domestication agreement, together with certified copies of the corporate

proceedings of the acquiring insurer and the alien insurer approving,

adopting and authorizing the execution of such domestication agreement,

and, in the case of a foreign insurer, the written approval of the

insurance supervisory official of the state in which the wholly owned

foreign insurer is incorporated, shall be submitted to the

superintendent for his approval.

(b) If satisfied that the agreement is in accordance with the

provisions of this article and that the interests of policyholders and

creditors of the United States branch are not materially adversely

affected the superintendent may approve such domestication agreement and

authorize its consummation in compliance with the provisions of section

seven thousand two hundred five of this article.