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New York Adopts Holding Company Act Amendments



by Sutherland Asbill Brennan LLP - Washington Office

August 7, 2013

Previously published on August 5, 2013

On July 31, 2013, Governor Cuomo signed into law New York Assembly Bill 7807A, which adopts key changes to the regulation of insurance holding company systems in New York under Article 15 of the New York Insurance Law and the regulation of New York domestic insurers under Articles 16 and 17 of the New York Insurance Law. The Bill was part of the New York Department of Financial Services (DFS) 2013 legislative program and was branded the DFS’s “core mission” bill because it contained amendments necessary for New York to maintain its NAIC accreditation.


 

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