§ 4202 Capital and Surplus Requirements of Life Insurance Companies
§ 4203 Transfer of Shares of Domestic Life Insurance Company
§ 4204 Financial Requirements for the Organization of Stock Accident and Health Insurance Companies and Stock Legal Services Insurance Companies
§ 4205 Life, Accident and Health, and Legal Services Insurance Companies; Engaging in Other Business
§ 4206 Deposits by Life, Accident and Health, and Legal Services Insurance Companies
§ 4207 Dividends to Shareholders of Life, and Accident and Health Insurance Companies
§ 4208 Financial and Additional Requirements for the Organization of Mutual Life, Accident and Health, and Legal Services Insurance Companies
§ 4209 Mutual Life Insurance Companies, Mutual Accident and Health Insurance Companies; Assessments
§ 4210 Election of Directors of Domestic Mutual Life Insurance Companies
§ 4211 Election of Directors of Domestic Stock Life Insurance Companies
§ 4212 Stock Life Insurance Companies; Voting Power of Policyholders
§ 4213 Industrial Life Insurance
§ 4214 Industrial Accident and Industrial Health Insurance
§ 4215 Contracts With Industrial Life Insurance Agents; Prohibitions
§ 4216 Group Life Insurance; Premium Requirements; Notice of Conversion; Filing of Compensation
§ 4217 Valuation of Insurance Policies and Contracts
§ 4218 When Actual Premium Is Less Than Net Premium; Minimum Reserve
§ 4219 Limitation On Accumulation of Surplus of Life Insurance Companies
§ 4220 Life Insurance and Annuities; Nonforfeiture Benefits Under Defaulted Contracts
§ 4221 Standard Nonforfeiture Law
§ 4222 Policy Loans
§ 4223 Standard Nonforfeiture Law for Annuities
§ 4224 Life, Accident and Health Insurance; Discrimination and Rebating; Prohibited Inducements and Interdependent Sales
§ 4225 Domestic Life Insurance Companies; Discrimination as to Brokers
§ 4226 Misrepresentations, Misleading Statements and Incomplete Comparisons by Insurers
§ 4228 Life Insurance and Annuity Business; Limitations of Expenses
§ 4230 Salaries and Pensions to Officers and Employees
§ 4231 Policyholder’s Participation in Surplus of Life Insurance Companies
§ 4232 Amounts Credited On Certain Contracts or Life Insurance Policies
§ 4233 Annual Statements of Life Insurance Companies
§ 4235 Group Accident and Health Insurance
§ 4236 Joint Underwriting of Group Health Insurance for Persons Aged Sixty-Five and Over
§ 4237 Blanket Accident and Health Insurance
§ 4237-A Stop-Loss Insurance
§ 4238 Group Annuity Contracts
§ 4239 Allocation and Reporting of Income and Expenses of Life Insurers
§ 4240 Separate Accounts; Fixed and Variable Life Insurance and Annuities and Funding Agreements
§ 4241 Penalty for Violation of Filing Requirements

Terms Used In New York Laws > Insurance > Article 42 - Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies

  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Amortization: Paying off a loan by regular installments.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Appraisal: A determination of property value.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Dependent: A person dependent for support upon another.
  • Fixed Rate: Having a "fixed" rate means that the APR doesn't change based on fluctuations of some external rate (such as the "Prime Rate"). In other words, a fixed rate is a rate that is not a variable rate. A fixed APR can change over time, in several circumstances:
    • You are late making a payment or commit some other default, triggering an increase to a penalty rate
    • The bank changes the terms of your account and you do not reject the change.
    • The rate expires (if the rate was fixed for only a certain period of time).
  • Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
  • Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Interrogatories: Written questions asked by one party of an opposing party, who must answer them in writing under oath; a discovery device in a lawsuit.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • member: shall include each person who during the qualifying period was in the employment of a public employer which then participated for such employees in a public retirement system in this state, irrespective of whether the person was a participant in such system at that time, provided that the person has become a participant in such retirement system and has purchased service credit for a period of time that includes some or all of the qualifying period in accordance with provisions of law applicable to such purchase of service credit. See N.Y. Retirement and Social Security Law 2
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • Outlays: Outlays are payments made (generally through the issuance of checks or disbursement of cash) to liquidate obligations. Outlays during a fiscal year may be for payment of obligations incurred in prior years or in the same year.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Qualifying condition or impairment of health: shall mean a qualifying physical condition, or a qualifying psychological condition, or both, except that for any member identified in paragraph (vi) of

    paragraph (e) of this subdivision, it shall only mean a qualifying psychological condition. See N.Y. Retirement and Social Security Law 2

  • Qualifying period: shall mean : (i) any period of time within the forty-eight hours after the first airplane hit the towers, for any member identified in paragraphs (i) through (v) of paragraph (e) of this subdivision; (ii) a total of forty hours accumulated any time between September eleventh, two thousand one and September twelfth, two thousand two, for any member identified in subparagraphs (i) through (v) of paragraph (e) of this subdivision; or (iii) any period of time within the twenty-four hours after the first airplane hit the towers, for any member identified in subparagraph (vi) of paragraph (e) of this subdivision. See N.Y. Retirement and Social Security Law 2
  • Qualifying psychological condition: shall mean one or more of the following: (i) diseases of the psychological axis, including post-traumatic stress disorder, anxiety, depression, or any combination of such conditions; or (ii) new onset diseases resulting from exposure as such diseases occur in the future including chronic psychological disease. See N.Y. Retirement and Social Security Law 2
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.
  • Trustee: A person or institution holding and administering property in trust.
  • Verdict: The decision of a petit jury or a judge.
  • World Trade Center site: shall mean anywhere below a line starting from the Hudson River and Canal Street; east on Canal Street to Pike Street; south on Pike Street to the East River; and extending to the lower tip of Manhattan. See N.Y. Retirement and Social Security Law 2