New York § 7011 Exemption from compulsory associations

New York Statutes

§ 7011 — Exemption from compulsory associations

New York § 7011

Law ISCInsurance

Art. 70Captive Insurance Companies

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Bluebook

N.Y. Insurance § 7011 (2026).

Text

  § 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

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§ 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