Section 4205. Life, accident and health, and legal services insurance companies; engaging in other business  


Latest version.
  • No  life  insurance  company  licensed  to  do  a  life  insurance business in this state shall do any
      business other than the kinds of business specified in  paragraphs  one,
      two,  three, twenty-nine and thirty-one of subsection (a) of section one
      thousand  one  hundred  thirteen,  sections  one  thousand  one  hundred
      fourteen,  one  thousand  seven  hundred fourteen and three thousand two
      hundred twenty-two of  this  chapter  and  such  other  business  as  is
      necessarily  or properly incidental thereto. Except as stated in section
      one thousand one hundred six of this chapter, this section  shall  apply
      to  the  business  within  or  without this state of such a foreign life
      insurance company and shall apply only to the business within the United
      States of such an alien life insurance company.