N.Y. Ins. Law § 6622

§ 6622. Refunds from surplus; assessment corporations. (a) Subject to\nthe requirements of this article for the accumulation and maintenance of\nminimum surplus, the surplus of any assessment corporation shall be\neligible for equitable distribution to its members, but no distribution\nshall be made until authorized by the corporation's board of directors\nnor until approved by the superintendent.\n (b) In authorizing any such distribution the board of directors of an\nassessment corporation may provide for apportionment thereof among\nseparate groups of members on the basis of underwriting experience\nequitably classified according to major kinds of insurance.\n