State Codes and Statutes

Statutes > New-york > Isc > Article-34 > 3435

§ 3435. Group property/casualty insurance.    (a)  This section shall apply to public entities as defined in section  one hundred seven of this chapter, organizations  described  by  section  501(c)(3)   of   the   United  States  internal  revenue  code,  Type  B  corporations formed pursuant to paragraph (b) of section two hundred one  of the not-for-profit corporation law, and  organizations  described  by  section two hundred sixteen-a of the education law.    (b)  Notwithstanding  any  other  provision  of  this  chapter,  group  coverage for homogeneous groups formed for purposes other than obtaining  insurance may be approved, subject to regulations to be  promulgated  by  the  superintendent,  for the kinds of insurance permitted in subsection  (c) of this section, provided such policies shall be  available  to  all  eligible members of such group upon application.    (c)  Group policies may be written pursuant to this section for any of  the kinds of insurance authorized  by  subsection  (a)  of  section  one  thousand  one  hundred  thirteen  of  this  chapter, except the kinds of  insurance authorized by paragraphs one, two, three, sixteen,  seventeen,  eighteen,  twenty-one,  twenty-two, twenty-three and twenty-five of such  subsection.    (d) Group policies approved pursuant to  this  section  shall  not  be  eligible  for  the  filing  exemptions specified in section six thousand  three hundred one of this chapter.

State Codes and Statutes

Statutes > New-york > Isc > Article-34 > 3435

§ 3435. Group property/casualty insurance.    (a)  This section shall apply to public entities as defined in section  one hundred seven of this chapter, organizations  described  by  section  501(c)(3)   of   the   United  States  internal  revenue  code,  Type  B  corporations formed pursuant to paragraph (b) of section two hundred one  of the not-for-profit corporation law, and  organizations  described  by  section two hundred sixteen-a of the education law.    (b)  Notwithstanding  any  other  provision  of  this  chapter,  group  coverage for homogeneous groups formed for purposes other than obtaining  insurance may be approved, subject to regulations to be  promulgated  by  the  superintendent,  for the kinds of insurance permitted in subsection  (c) of this section, provided such policies shall be  available  to  all  eligible members of such group upon application.    (c)  Group policies may be written pursuant to this section for any of  the kinds of insurance authorized  by  subsection  (a)  of  section  one  thousand  one  hundred  thirteen  of  this  chapter, except the kinds of  insurance authorized by paragraphs one, two, three, sixteen,  seventeen,  eighteen,  twenty-one,  twenty-two, twenty-three and twenty-five of such  subsection.    (d) Group policies approved pursuant to  this  section  shall  not  be  eligible  for  the  filing  exemptions specified in section six thousand  three hundred one of this chapter.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Isc > Article-34 > 3435

§ 3435. Group property/casualty insurance.    (a)  This section shall apply to public entities as defined in section  one hundred seven of this chapter, organizations  described  by  section  501(c)(3)   of   the   United  States  internal  revenue  code,  Type  B  corporations formed pursuant to paragraph (b) of section two hundred one  of the not-for-profit corporation law, and  organizations  described  by  section two hundred sixteen-a of the education law.    (b)  Notwithstanding  any  other  provision  of  this  chapter,  group  coverage for homogeneous groups formed for purposes other than obtaining  insurance may be approved, subject to regulations to be  promulgated  by  the  superintendent,  for the kinds of insurance permitted in subsection  (c) of this section, provided such policies shall be  available  to  all  eligible members of such group upon application.    (c)  Group policies may be written pursuant to this section for any of  the kinds of insurance authorized  by  subsection  (a)  of  section  one  thousand  one  hundred  thirteen  of  this  chapter, except the kinds of  insurance authorized by paragraphs one, two, three, sixteen,  seventeen,  eighteen,  twenty-one,  twenty-two, twenty-three and twenty-five of such  subsection.    (d) Group policies approved pursuant to  this  section  shall  not  be  eligible  for  the  filing  exemptions specified in section six thousand  three hundred one of this chapter.