* § 4102. Powers. (a) A property/casualty insurance company may be
organized and licensed to write any one or more basic kinds of
insurance.

(b) A property/casualty insurance company organized and licensed to
write any one or more basic kinds of insurance, may be licensed to write
non-basic kinds of insurance, subject to the following requirements
(references are to paragraphs of subsection (a) of section one thousand
one hundred thirteen of this chapter describing kinds of insurance):

(1) If licensed to write burglary and theft (7), glass (8), boiler and
machinery (9), elevator (10), animal (11), personal injury liability
(13), property damage liability (14), workers' compensation and
employers' liability (15), fidelity and surety (16) or credit (17), it
may be licensed to write accident and health (item (i) of (3)),
non-cancellable disability (item (ii) of (3)), water damage (6),
collision (12), residual value (22), credit unemployment (24), gap (26),
prize indemnification (27), service contract reimbursement (28) and
involuntary unemployment (30);

(2) If licensed to write fire (4), it may be licensed to write
miscellaneous property (5), water damage (6), collision (12), motor
vehicle and aircraft physical damage (19) and inland marine as specified
in marine and inland marine (20);

(3) If licensed to write marine and inland marine (20), it may be
licensed to write collision (12), motor vehicle and aircraft physical
damage (19), and marine protection and indemnity (21);

(4) If licensed to write personal injury liability (13) and property
damage liability (14), it may be licensed to write motor vehicle and
aircraft physical damage (19) and legal services insurance (29); and

(5) In the case of a mutual company licensed to write burglary and
theft (7), glass (8), boiler and machinery (9), elevator (10), animal
(11), personal injury liability (13), workers' compensation and
employers' liability (15), fidelity and surety (16), or credit (17), it
may be licensed to write property damage liability (14).

(c) A property/casualty insurance company organized and licensed to
write any basic kind of insurance, may be licensed, except with respect
to the kinds of insurance defined respectively in the following
paragraphs of subsection (a) of section one thousand one hundred
thirteen of this chapter: life insurance (1), annuities (2) and title
insurance (18), to (i) reinsure risks of every kind or description and
(ii) insure property or risks of every kind or description located or
resident outside of the United States, its territories and possessions.

(d) A property/casualty insurance company complying with the
provisions of this section shall meet all other applicable requirements
of this article.

* SPECIAL NOTE.--Notwithstanding that Chapter 585 of the Laws of 1984:

Bill sections 2, 3, 5, 6, 7, and 9 of such chapter amend provisions of
the former Insurance Law that are not possible to juxtapose at this time
due to the highly technical nature of such changes and will need future
corrective legislation to implement such provisions into the new
Insurance Law as enacted by such Chapter 367 of the Laws of 1984.