New York Business Express

Overview

All insurance companies must be registered as a corporation. Insurance companies are not permitted to use trade names in New York and must receive prior approval from the NYS Department of Financial Service. Name changes for entities must also receive prior approval. The name must first be submitted to the NYS Department of Financial Services for consideration/approval before filing for licensure. It is highly recommended that foreign insurers have their business entity name approved prior to submitting an application. Words that must receive approval include: benefit, bond, casualty, doctor, indemnity, insurance, investment, lawyer, title, trust and underwriter. All entity names and trade names used by an individual, partnership or limited liability company must be approved by DFS, however, there is no fee required for the name approval of licensees other than actual insurance companies.

NYS Insurance Law, Sections 1102(g) and 1201

11 NYCRR, Chap IV, Sub A, Part 87

Requirements

1. By-Laws, Always Required
2. Charter Statement, Always Required
3. Notice of Intention, Always Required

How to Apply

1. See form below.

WHAT YOU NEED TO APPLY:

• Business information
• Copy of Certificate of Incorporation or equivalent

Form(s)

NAME

FORM NUMBER

FORM AND INSTRUCTIONS AVAILABLE

Letter

Approval Letter

Required Fees

TYPE	REFUNDABLE	AMOUNT	COMMENTS
Filing	No	$25	Filing fee is only for corporations.
Filing	No		Filing fee is only for corporations.

Payment Options:

Personal Check; Postal Money Order; Certified Check

Make checks payable to the Superintendent of Financial Services

Duration & Processing

Term/Duration:

One-time - Unless requesting a name change

Renewable:

Automatically Sent:

Additional Info

1. Notice of Intention: Need also to provide the name and address of a newspaper of general circulation which is proposed to publish the Notice of Intention

For additional information/Sponsor Agency:

Financial Services, Department of

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Approval/Reservation of Business Entity Name

Business Express