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S. 7366(Seward)/A. 10402(Morelle)

Captives

Summary: The bill amends the Insurance Law and the Tax Law to permit a broader range of financial entities to form pure and group captive insurance companies in New York State. Specifics include:

Effective Date: N/A.

Last Action: The bill was referred to the Assembly Insurance Committee on March 27, 2008.

Department of Financial Services

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