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N.Y. Ins. Law § 7011

Exemption from compulsory associations

2014-09-22

§ 7011. Exemption from compulsory associations. No captive insurance\ncompany shall be permitted to join or contribute financially to any\nplan, pool, association, or guaranty or insolvency fund in this state,\nnor shall any captive insurance company, or its insured, or its parent\nor any affiliated company, or any member organization of its\nassociation, receive any benefit from any such plan, pool, association,\nor guaranty or insolvency fund for claims arising out of the operations\nof such captive insurance company.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.