N.Y. Ins. Law § 6112

§ 6112. Subscribers' accounts. (a) The attorney-in-fact, in addition\nto the books of account of the collective transactions of all\nsubscribers of the reciprocal insurer, shall keep and maintain a\nseparate account for each individual subscriber setting forth the\nentries determining the operating reserve, if any, of such subscriber.\n (b) Each subscriber's account shall be credited with the premiums\nearned by him as an underwriter on the policies issued by the insurer,\nand charged with his proper share of all losses incurred under such\npolicies as well as with the expenses incurred by the insurer.\n (c) Earnings and interest income from investments of all subscribers'\noperating reserves shall be apportioned and credited to subscribers on\nthe basis of their accumulated operating reserves and all other interest\nand investment income may be apportioned and credited to the subscribers\non the basis of their premiums earned as underwriters.\n (d) The subscriber's agreement of an authorized reciprocal insurer may\nwith the permission of the superintendent contain provisions which\nmodify the credits, charges and apportionments to the subscribers'\naccount, as required by subsections (b) and (c) of this section.\n