Insurance Law 1103 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 1102 Insurer's license required; issuance up ARTICLE 11 Licensing of Insurers next SECTION 1104 Revocation or suspension of license; restriction of license authority or limitation on premiums written Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 1103 Duration of licenses Insurance (ISC) CHAPTER 28, ARTICLE 11 § 1103. Duration of licenses. (a) Every license issued to a domestic insurer shall be for an indefinite term and shall expire with the expiration or termination of its corporate existence. (b) Every license, including every renewal license, issued to a foreign or alien insurer shall be for a term expiring on June thirtieth following the date of issuance, except that at any time after a licensed foreign or alien insurer has filed its annual statement pursuant to section three hundred seven of this chapter the superintendent may issue to such insurer a renewal license for the next year.