N.Y. ISC Law § 4206
This is the official text of N.Y. ISC Law § 4206, part of New York’s ISC Law — part of the compiled statutory law of New York, published by the state as "ISC Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Deposits by life, accident and health, and legal services insurance companies
Official statutory text
§ 4206. Deposits by life, accident and health, and legal services\ninsurance companies. Before being licensed to do business, every\ndomestic life insurance company, every domestic accident and health\ninsurance company and every domestic legal services insurance company\nshall deposit with the superintendent at least one hundred thousand\ndollars in securities eligible for deposits, except that every such\ncompany initially licensed on or after July first, nineteen hundred\neighty-two shall make a deposit with the superintendent at least equal\nto two hundred percent of the amount required hereinabove.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.