New York Laws
Article 33 - Franchise Taxes on Insurance Corporations
1501 - Imposition of Tax.

(b) Every life insurance corporation which shall obtain a certificate
of authority to transact business in this state or a renewal of such
certificate from the superintendent of financial services shall, upon
the expiration of such certificate for any cause or upon its ceasing to
transact new business in this state, continue to pay a tax upon its
business remaining in force in this state as provided in section fifteen
hundred two.