N.Y. Ins. Law § 6626

§ 6626. Qualification of membership. (a) In addition to the legal\nability of any natural person to insure in any advance premium or\nassessment corporation property located in the territory in which such\ncorporation is licensed to do business and in which property he has an\ninsurable interest, it shall also be lawful for any corporation, board,\nestate, or association to insure in any co-operative property/casualty\ninsurance company property located in the territory in which such\ncorporation is licensed to do business, and in which property it has an\ninsurable interest.\n (b) Any officer, trustee, board member, or legal representative of\nsuch corporation, board, estate, or association may be recognized for or\non its behalf for the purpose of membership, but shall not be\npersonnally liable upon such contract or contracts of insurance by\nreason of acting in such representative capacity.\n