New York § 5508 Directors

New York Statutes

§ 5508 — Directors

New York § 5508

Law ISCInsurance

Art. 55Medical Malpractice Insurance Association

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Bluebook

N.Y. Insurance § 5508 (2026).

Text

§ 5508. Directors.

(a)The association shall be governed by a board of\ntwenty-one directors. The superintendent or his duly authorized\nrepresentative shall serve as a non-voting director. Two directors shall\nbe appointed by the governor. Two directors shall be appointed by the\ntemporary president of the senate and two directors shall be appointed\nby the speaker of the assembly. Eight directors shall be elected by\ncumulative voting by the members of the association, whose votes in such\nelection shall be weighted in accordance with each member's net direct\npremiums written during the preceding calendar year. Four directors\nshall be appointed by the superintendent as representatives of\nphysicians and hospitals. The superintendent shall also appoint two\ndirectors as representative

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§ 5508. Directors. (a) The association shall be governed by a board of\ntwenty-one directors. The superintendent or his duly authorized\nrepresentative shall serve as a non-voting director. Two directors shall\nbe appointed by the governor. Two directors shall be appointed by the\ntemporary president of the senate and two directors shall be appointed\nby the speaker of the assembly. Eight directors shall be elected by\ncumulative voting by the members of the association, whose votes in such\nelection shall be weighted in accordance with each member's net direct\npremiums written during the preceding calendar year. Four directors\nshall be appointed by the superintendent as representatives of\nphysicians and hospitals. The superintendent shall also appoint two\ndirectors as representatives of the public, who shall not be\nrepresentatives of physicians or hospitals, or representatives of\ninsurers or insurance producers. The eight member companies serving on\nthe board shall be elected annually at a meeting of the members.\n (b) The directors shall serve without compensation but shall be\nreimbursed for their actual and necessary expenses incurred in the\nperformance of their duties under this article.\n