{"data":{"id":"us-ny/n.y.-insurance-law-7315","jurisdiction":"us-ny","citation":"N.Y. Insurance Law § 7315","heading":"Reorganization of domestic life insurance companies","body":"§ 7315. Reorganization of domestic life insurance companies.\nNotwithstanding any other provision of this chapter, a domestic mutual\nlife insurance company which has a surplus of less than one million\ndollars as shown on its last filed annual statement may reorganize into\na domestic stock life insurance company in accordance with a plan of\nreorganization found by the superintendent to be fair and equitable.","path":["Insurance Law","Article 73. Conversion to Different Type of Insurer"],"source_url":"https://legislation.nysenate.gov/api/3/laws/ISC/7315","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"25039af571c9c121506e806eb2e32cd19942a0260179673217da2627e030f7b2","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-insurance-law-7313","next":"us-ny/n.y.-insurance-law-7316"},"notice":"GroundRules: Original legal text. Not legal advice."}