New York Consolidated Laws

N.Y. Insurance Law § 201 (2026)

State insurance advisory board

✓ current as of May 2026

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§ 201. State insurance advisory board. (a) There shall be a state
insurance advisory board to work with the superintendent in encouraging
and promoting the growth of the insurance industry in the state, and
further the goals of the department's mission as it relates to the
insurance industry. There shall be ten members of the advisory board who
shall be appointed by the superintendent. The membership shall consist
of seven representatives of domestic insurance companies that, to the
extent practicable, reflect a range of size and geographical location
within the state. The membership shall also include one insurance
producer and two representatives of consumers. The superintendent shall
make rules to govern the method by which insurers may nominate persons
to the board and the process for selecting such members, provided that
the representative of consumers shall be selected by the superintendent.
The term of each member of such advisory board shall be three years, or
until a successor is appointed and vacancies shall be filled for the
unexpired term only. The board shall meet at least annually pursuant to
the call of the superintendent. Such meetings may be presided over by a
designee of the superintendent and may be held by means of a conference
telephone or similar communications equipment that would allow all
persons participating in the meeting to hear each other at the same
time. The members of the advisory board shall receive no compensation
nor reimbursement for expenses. The advisory board may:
  (1) consider and recommend ways, consistent with the protection of
consumers and the financial condition of insurers, to encourage,
promote, and assist insurance institutions to effectively and
productively locate, operate, employ, grow, remain, and expand in New
York state;
  (2) consider and recommend ways, consistent with the protection of
consumers and the financial condition of insurers, to promote the
prudent and continued availability of insurance products and services at
affordable costs throughout the state;
  (3) recommend to the superintendent the establishment of such laws as
may be deemed necessary, and the amendment or repeal thereof;
  (4) recommend to the superintendent the promulgation of any guidance
and regulations, not inconsistent with the law, as may be deemed
necessary, and the amendment or repeal thereof;
  (5) report within thirty days after receipt, on any proposed
regulations, amendments thereto, or repeal thereof, consistent with the
protection of consumers and the financial condition of insurers, at the
request of the superintendent; and
  (6) consider all other matters determined by the superintendent to
further the department's mission in relation to the insurance industry.
  (b) The advisory board shall have no executive, administrative or
appointive powers or duties.

Notes of Decisions

Cited in 14 cases, 1987–2011 · leading case: Abn Amro Bank, N.V. v. Mbia Inc., 952 N.E.2d 463 (NY 2011).

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Abn Amro Bank, N.V. v. Mbia Inc., 952 N.E.2d 463 (NY 2011). “New York law has historically vested the Superintendent with broad authority to regulate the insurance industry (see Insurance Law § 201 [“The superintendent shall possess the rights, powers, and duties, in connection with the business of insurance in this state, expressed or…”

In Re the Liquidation of Union Indem. Ins., 699 N.E.2d 852 (NY 1998). · cites it 2× “*130 The Legislature has expressly bestowed such interpretive authority on the Superintendent with respect to the Insurance Law in general ( see , Insurance Law §§ 201, 301), and specifically reiterated the Superintendent's power to "adopt, amend and enforce all reasonable rules…”

Dinallo v. DiNapoli, 877 N.E.2d 643 (NY 2007). “The Superintendent of Insurance serves in two distinct capacities: (1) as supervisor and regulator of New York State’s insurance industry as a whole (see Insurance Law §§ 201, 301); and (2) as a court-appointed receiver on behalf of distressed insurers (see Insurance Law §§…”

Am. Mfrs. Mut. Ins. v. Morgan, 296 A.D.2d 491 (N.Y. App. Div. 2002). “” Regulation 35-D was promulgated by the Superintendent of Insurance, effective as of October 1, 1993, under the authority of Insurance Law §§ 201, 301, and 3420 (f) (1) and (2) (see 11 NYCRR 60-2.”

Abn Amro Bank, N.V. v. Mbia Inc., 81 A.D.3d 237 (N.Y. App. Div. 2011). “v McCall, 89 NY2d 160, 163 [1996]; see also Insurance Law §§ 201, 301). The Superintendent periodically examines the affairs of every insurer doing business in New York (Insurance Law § 309), and upon determining that an insurer lacks sufficient assets to honor its commitments…”

Blue Cross & Blue Shield v. McCall, 674 N.E.2d 1124 (NY 1996). “” The Superintendent of Insurance, as the head of the Insurance Department of the State of New York, has been given full authority to supervise and regulate the business of insurance in this State (Insurance Law §§ 201, 301). The responsibility to conduct independent management…”

Health Ins. Ass'n of Am. v. Corcoran, 154 A.D.2d 61 (N.Y. App. Div. 1990). “Apart from inclusive provisions in the Insurance Law giving respondent general powers to supervise the insurance industry and issue regulations (Insurance Law §§ 201, 301), neither of which is directly referable to the regulation under attack here, respondent relies essentially…”

Alcott Staff Leasing, Inc. v. New York Comp. Ins. Rating Bd., 224 A.D.2d 54 (N.Y. App. Div. 1996). “Further, we find that the Superintendent acted within his broad authority in approving the rate rule form and policy form endorsements (see, Insurance Law §§ 201, 2303, 2305 [b]; § 2307 [a], [b]; see generally, Ostrer v Schenck, 41 NY2d 782 ).”

New York State Ass'n of Life Underwriters, Inc. v. New York State Banking Dep't, 190 A.D.2d 338 (N.Y. App. Div. 1993). “Petitioners further contend that annuities are insurance because, inter alia, they are defined in the Insurance Law and are regulated by the Department of Insurance (see, Insurance Law §§ 201, 301, 1113 [a] [2]).”

Preferred Physicians Mut. Risk Retention Grp. v. Cuomo, 865 F. Supp. 1057 (S.D.N.Y. 1994). “” N.Y.Ins.Law § 201 (McKinney 1985). The superintendent and the Department have broad authority to regulate the business of insurance.”

Fama v. Metro. Prop. & Cas. Ins., 169 Misc. 2d 872 (N.Y. Sup. Ct. 1996). “v Tucker (supra), the provisions of the motor vehicle insurance policies must meet certain minimum standards as prescribed by the Superintendent of Insurance (Vehicle and Traffic Law § 311 [4] [a]) and he is possessed with the power to issue appropriate regulations to insure…”

Health Ins. Ass'n of Am. v. Corcoran, 140 Misc. 2d 255 (N.Y. Sup. Ct. 1988). “The other statutory provisions relied upon are Insurance Law §§ 201 and 301 which, in granting respondent power, necessarily require further statutory authority express or reasonably implied.”

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