Insurance Law 1316 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 1315 Trusteed assets of alien insurers up ARTICLE 13 Assets and Deposits next SECTION 1317 Release of deposits Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 1316 Voluntary deposits Insurance (ISC) CHAPTER 28, ARTICLE 13 § 1316. Voluntary deposits. The superintendent may receive from any authorized insurer a deposit required by or pursuant to the laws of another state as a prerequisite to doing business in such other state, and may also receive from any insurer any additions to its deposits which are reasonably necessary to maintain the aggregate value of such deposit at least equal to the amount required.