Section 7001. Purpose and applicability  


Latest version.
  • (a) The purpose of this article is
      to facilitate the formation and operation of captive insurance companies
      within the state of New York.
        (b) In addition to the provisions of this  article  and  this  chapter
      specifically  referred  to  in this article, the following provisions of
      this chapter shall apply to captive insurance companies:
        (1) article one of this chapter, pertaining to general provisions;
        (2) sections three hundred  one,  three  hundred  two,  three  hundred
      three,  three hundred four, three hundred five, three hundred six, three
      hundred eight, three hundred ten, three hundred  eleven,  three  hundred
      twelve,  three hundred thirteen, three hundred twenty-six, three hundred
      twenty-seven, three hundred twenty-nine, and three hundred thirty-two of
      this  chapter,  pertaining  to  certain  administrative  and  procedural
      provisions; and
        (3)  article  seventy-four, pertaining to rehabilitation, liquidation,
      conservation and dissolution of insurers.