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Acronymfinder

What does NYSIL stand for?

NYSIL stands for New York State Insurance Law


This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

Samples in periodicals archive:

ELANY was established primarily to perform solvency/financial and operational reviews of those insurers seeking excess line eligibility, as well as to encourage and facilitate its members' compliance with the New York State insurance laws, particularly excess line laws, rules and regulations.
NEW YORK -- On November 24, 2009, the New York State Insurance Department (the "Department") issued an order pursuant to Section 1310 of the New York State Insurance Law that, among other things, requires Financial Guaranty Insurance Company ("FGIC") to provide to the New York Superintendent of Insurance, no later than January 5, 2010, a detailed and final proposed surplus restoration plan to remove FGIC's capital impairment and return it to compliance with the applicable minimum surplus to policyholders requirement by not later than March 25, 2010, or such subsequent date as the Superintendent deems appropriate.
Promptly following consummation of the tender offer and subject to the approval of the New York Insurance Department under Section 7118 of the New York State Insurance Law, Leucadia would beneficially acquire ownership of the outstanding shares of the Company not previously tendered at the same cash price as the tender offer.