§ 7912. Transition. Providers who have submitted an application for
approval of registration pursuant to section seven thousand nine hundred
seven of this article who have been previously engaged in New York
state, for not less than two years immediately prior to the effective
date of this section in the business of marketing, selling, offering for
sale, issuing, making, proposing or administering a service contract
which otherwise was in compliance with all applicable laws of the state
of New York immediately prior to the effective date of this section, may
engage in such business in the state of New York until such time as the
superintendent has issued a determination on such application for
approval of registration provided that such application is received by
the superintendent within sixty days of the effective date of this
section.