New York Laws
Article 13 - Assets and Deposits
1321 - Commutation of Reinsurance Agreements.

(b) For purposes of this section, commutation of a reinsurance
agreement is the elimination of all present and future obligations
between the parties, arising from the reinsurance agreement, in exchange
for a current consideration.
(c) Nothing herein contained shall preclude the superintendent from
proceeding against such insurer under any other provision of this
chapter.

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