Morelle (MS)/Seward—Relates to authorizing insurers to enter into derivative transactions.
An act to amend Chapter 650 of the Laws of 1998 amending the Insurance Law relating to authorizing domestic life, property/casualty, reciprocal, mortgage guaranty, cooperative property/casualty and financial guaranty insurers to enter into derivative transactions, in relation to the effectiveness thereof.
Effective Date: 05/07/2008
05/07/08 Signed Chapter 71