State Codes and Statutes

Statutes > New-york > Isc > Article-70 > 7011

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

State Codes and Statutes

Statutes > New-york > Isc > Article-70 > 7011

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

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Isc > Article-70 > 7011

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