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8007 - Approval of Plan by Superintendent; Hearing.

NY Ins L § 8007 (2019) (N/A)
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(a) the plan is fair and equitable to policyholders;

(b) the plan does not violate this article; and

(c) after giving effect to the reorganization, the reorganized insurer will have an amount of capital and surplus the superintendent deems to be reasonably necessary for its future solvency.

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8007 - Approval of Plan by Superintendent; Hearing.