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The New York State Legislature unanimously confirmed Benjamin M. Lawsky on May 24, 2011, as New York State's first Superintendent of Financial Services. [9] From May 24, 2011, until October 3, 2011, Lawsky also was appointed, and served as, Acting Superintendent of Banks for the former New York State Banking Department. [9]
The New York State Insurance Department was the first insurance department or agency in the United States to establish a capital markets group to examine and measure the risks in insurer investment practices, and was the first state to recognize the importance of segregating multiple lines insurance from financial guaranty insurance as a means ...
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The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
After leaving DFS in 2021 and working at venture firm Nyca Partners, Homer started his own crypto-focused venture firm, the Department of XYZ, which just raised $5.1 million.
NYSIF is financially self-supporting and competes with private insurance carriers. It is required by law to provide the lowest possible premiums to maintain its solvency. [1] As of 2015, NYSIF was the largest workers' compensation insurance carrier in New York, with 46% of the market, and that year it earned $2.48 billion in premiums, placing ...
To apply for SNAP benefits outside of New York City, visit myBenefits.ny.gov or print and mail (or fax) the SNAP application to your local department of social services.
In January 1942, for the duration of World War II, the President of the United States absorbed the New York State Employment Service into the National Manpower Program. In 1944, New York State’s Minimum Wage Law was amended to include men. In 1945, the NYS Industrial Board was replaced by the Workmen’s Compensation Board. [44] [45]