The New York Affidavit of Compliance with the Insurance Law is a document signed by an insurance company to certify that they are in compliance with the New York Insurance Law. This document is necessary to register and maintain an insurance policy in the state of New York. The New York Affidavit of Compliance with the Insurance Law has two main types: the New York Statutory Affidavit of Compliance and the New York Regulatory Affidavit of Compliance. The Statutory Affidavit is required by the New York State Department of Financial Services and is used to certify that the insurance company is in compliance with the statutory insurance requirements set out in the New York Insurance Law. The Regulatory Affidavit is used to certify that the insurer is in compliance with all applicable regulations issued by the New York State Department of Financial Services. The New York Affidavit of Compliance with the Insurance Law must be signed by an authorized representative of the insurer and submitted to the New York State Department of Financial Services in order to be approved. The Affidavit must also be updated annually to ensure that the insurer is in compliance with all laws and regulations.