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Statutes » New York » ISC Law » Article 45

N.Y. ISC Law § 4528

This is the official text of N.Y. ISC Law § 4528, 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.

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New business limitations

Official statutory text

§ 4528. New business limitations. Every authorized society shall limit\nthe issuance of new life insurance certificates and new annuity\ncontracts in accordance with requirements for new life insurance\npolicies and new annuity contracts under section four thousand two\nhundred twenty-seven of this chapter, except that:\n (a) No such limitations shall apply to new life insurance certificates\nor new annuity contracts issued by the society before January first,\nnineteen hundred ninety-eight; and\n (b) Limitations equal to one hundred fifty percent of the limitations\nestablished in section four thousand two hundred twenty-seven of this\nchapter shall apply to new life insurance certificates and new annuity\ncontracts issued by the society after January first, nineteen hundred\nninety-eight but before January first, two thousand; and\n (c) The limitations established in section four thousand two hundred\ntwenty-seven of this chapter shall fully apply to all new life insurance\ncertificates and all new annuity contracts issued by the society on or\nafter January first, two thousand.\n

Status: in_force · Read it on the official government site

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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.