N.Y. Insurance Law § 7912: Transition

§ 7912. Transition. Providers who have submitted an application for

approval of registration pursuant to section seven thousand nine hundred

seven of this article who have been previously engaged in New York

state, for not less than two years immediately prior to the effective

date of this section in the business of marketing, selling, offering for

sale, issuing, making, proposing or administering a service contract

which otherwise was in compliance with all applicable laws of the state

of New York immediately prior to the effective date of this section, may

engage in such business in the state of New York until such time as the

superintendent has issued a determination on such application for

approval of registration provided that such application is received by

the superintendent within sixty days of the effective date of this

section.