| | Satellite insurance (Site not responding. Last check: 2007-10-05) |
 | | The Department has previously concluded that aircraft, by their nature, cannot have a permanent situs outside of this state because the Department interprets the word permanent to mean fixed. |
 | | However, no exception in § 2117 would apply for the physical damage insurance for the satellite because it does not have a permanent situs outside of New York and an excess line broker would need to used to procure this insurance. |
 | | Please note that ABC, being an authorized insurer and not a licensed insurance broker or excess line broker, may not engage in any activity in this State in regard to solicitation or procurement of insurance on behalf of an unauthorized insurer. |
| www.ins.state.ny.us /rg030723.htm (931 words) |