New York Laws
Article 80 - Mutual Holding Company
8009 - Filing a Plan; Effective Date of Reorganization.

(b) The plan of reorganization shall take effect in accordance with
its terms on the date and at the time when the filing in the office of
the superintendent required by this section has been made or on such
later date or at such later time, if any, as may have been specified in
or determined in accordance with the plan or pursuant thereto.
(c) As of the effective date, the superintendent shall issue an
amended certificate of authority to the reorganized insurer, and, if the
plan of reorganization specifies that the reorganized insurer proposes
to continue to issue for delivery in this state participating policies
or contracts, the superintendent shall, in accordance with subsection
(f) of section four thousand two hundred thirty-one of this chapter,
issue a permit authorizing it to do so.

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