reglab/housing_qa huggingface dataset:
NY Ins L § 5507 (2021)
2021 New York Laws ISC - Insurance Article 55 - Medical Malpractice Insurance Association 5507 - Participation.

§  5507.  Participation.  (a)  Every  member  of the association shall participate in its writings, expenses, servicing  allowance,  management fees  and  losses  in the proportion that the net direct premiums of the member (excluding that portion of premiums attributable to the operation of the association) written during the preceding calendar year bears  to the  aggregate  net direct premiums written in this state by all members of the association. Each member's participation in the association shall be determined annually on the basis of such net direct premiums  written during the preceding calendar year, as reported in the annual statements and other reports filed by the member with the superintendent.  (b)  In  the  event  that  sufficient  funds are not available for the payment of losses and expenses incurred under  policies  issued  by  the association,   the  board  of  directors  may  require  all  members  to contribute, on a temporary  basis  pending  recoupment  as  provided  in subsection  (c)  of  this  section, to the financial requirements of the association in the  manner  provided  for  in  subsection  (a)  of  this section.  (c)  Any  contribution  made  by members pursuant to subsection (b) of this  section  shall  be  reimbursed  to  them  by  payment   from   the stabilization reserve fund pursuant to the plan of operation.
NY Ins L § 5508 (2021)
2021 New York Laws ISC - Insurance Article 55 - Medical Malpractice Insurance Association 5508 - Directors.

§ 5508. Directors. (a) The association shall be governed by a board of twenty-one   directors.   The  superintendent  or  his  duly  authorized representative shall serve as a non-voting director. Two directors shall be appointed by the governor. Two directors shall be  appointed  by  the temporary  president  of the senate and two directors shall be appointed by the speaker of the assembly. Eight  directors  shall  be  elected  by cumulative voting by the members of the association, whose votes in such election  shall  be weighted in accordance with each member's net direct premiums written during the  preceding  calendar  year.  Four  directors shall   be   appointed  by  the  superintendent  as  representatives  of physicians and hospitals. The  superintendent  shall  also  appoint  two directors   as   representatives   of  the  public,  who  shall  not  be representatives  of  physicians  or  hospitals,  or  representatives  of insurers  or  insurance producers. The eight member companies serving on the board shall be elected annually at a meeting of the members.  (b) The directors  shall  serve  without  compensation  but  shall  be reimbursed  for  their  actual  and  necessary  expenses incurred in the performance of their duties under this article.
NY Ins L § 5510 (2021)
2021 New York Laws ISC - Insurance Article 55 - Medical Malpractice Insurance Association 5510 - Appeals.

§  5510. Appeals. Any applicant to the association, any person insured   under this article, or their representatives, or any  affected  insurer,   may  appeal  to  the superintendent within thirty days after any ruling,   action or decision by or on behalf of the association, with  respect  to   those items the plan of operation defines as appealable matters.
NY Ins L § 5511 (2021)
2021 New York Laws ISC - Insurance Article 55 - Medical Malpractice Insurance Association 5511 - Annual Statement.

§  5511.  Annual  statement. (a) The association shall annually file a statement in the office of the superintendent on or before the first day of March. The statement shall be in  a  form  approved  by  and  contain information  prescribed  by  the  superintendent  with  respect  to  its transactions, condition, operations and  affairs  during  the  preceding year.  (b)  The  superintendent  may, at any time, require the association to furnish  additional  information  with  respect  to  its   transactions, condition  or  any  matter  connected therewith which he considers to be material and which will assist him in evaluating  the  scope,  operation and experience of the association.  (c)  The  association shall include as an asset the then present value of  annuity  payments  to  which  it  is  entitled  in  accordance  with subdivision  (b)  of  section  five  thousand  thirty-six  of  the civil practice law and rules.
NY Ins L § 5512 (2021)
2021 New York Laws ISC - Insurance Article 55 - Medical Malpractice Insurance Association 5512 - Examinations.

§ 5512. Examinations. (a) The superintendent shall make an examination into  the  affairs of the association at least annually. The examination shall be conducted and the report filed  in  the  manner  prescribed  in article three of this chapter.  (b)  The  expenses of the examination shall be paid by the association in the manner prescribed by  section  three  hundred  thirteen  of  this chapter.
NY Ins L § 5513 (2021)
2021 New York Laws ISC - Insurance Article 55 - Medical Malpractice Insurance Association 5513 - Immunity.

§  5513. Immunity. No liability or cause of action shall exist against   the association, its agents or  employees,  the  superintendent  or  his   authorized  representatives  or  any  licensed  agent  or broker for any   statements made  in  good  faith  by  them  during  any  proceedings  or   concerning any matters within the scope of this article.
NY Ins L § 5515 (2021)
2021 New York Laws ISC - Insurance Article 55 - Medical Malpractice Insurance Association 5515 - Federal Program.

§  5515.  Federal  program.  In addition to any other powers conferred   upon him by this or any other law, the superintendent is  authorized  to   do  all  things  necessary  to  enable  this  state, the association and   members and policyholders of the association to participate fully in any   federal program of reinsurance  adopted  for  purposes  similar  to  the   purposes of this article.
NY Ins L § 5516-D (2021)
2021 New York Laws ISC - Insurance Article 55 - Medical Malpractice Insurance Association 5516-D - Further Transfer of Association Funds.

§  5516-d.  Further transfer of association funds. Notwithstanding any   other provision of law, the association and all officers  and  directors   with  responsibility  for  custody  or  investment  of the association's   assets are authorized and directed to further transfer and  deposit  six   million  dollars to the credit of the medical assistance program general   fund - local assistance account before January first,  nineteen  hundred   ninety-six.
NY Ins L § 5516-F (2021)
2021 New York Laws ISC - Insurance Article 55 - Medical Malpractice Insurance Association 5516-F - Further Transfer of Moneys of the Association.

§   5516-f.  Further  transfer  of  moneys  of  the  association.  (a) Notwithstanding any other provision of  law,  the  association  and  all officers  and directors with responsibility for custody or investment of the association's assets are authorized and directed to further transfer and deposit two hundred  fifty  million  dollars  to  the  miscellaneous special  revenue fund on or before September thirtieth, nineteen hundred ninety-nine.  (b) Notwithstanding any other provision of law,  the  association  and all officers and directors with responsibility for custody or investment of  the  association's  assets  are  authorized  and directed to further transfer  and  deposit  all   revenues   generated   pursuant   to   the association's dissolution pursuant to paragraph two of subsection (c) of section   five  thousand  five  hundred  two  of  this  article  to  the miscellaneous special revenue fund on or before December thirtieth,  two thousand.  (c)  Notwithstanding  any other provision of law, no director, officer or employee of the association, nor  the  association,  nor  any  public officer  or  employee,  nor  any  actuary,  attorney,  or advisor to the association or to the superintendent shall incur or suffer any liability whatsoever to  any  person  by  reason  of  actions  taken  pursuant  to authorizations or directions of the provisions of subsections (a) or (b) of  this  section pursuant to which any of the moneys of the association are transferred to the miscellaneous special revenue  fund.  Any  action which  could  have been brought against any of the persons or parties or entities noted herein, but for the provisions of this section, shall  be brought against the state.
NY Ins L § 5517 (2021)
2021 New York Laws ISC - Insurance Article 55 - Medical Malpractice Insurance Association 5517 - Transfer of Association Funds; Reinsurance Evaluation.

§  5517. Transfer of association funds; reinsurance evaluation. (a) In the event that the association has not caused the  transfer  of  certain assets  on or before May first, nineteen hundred ninety-two, pursuant to the provisions of section fifty-five hundred sixteen  of  this  article, the   board   shall  undertake  an  evaluation  of  the  procurement  of reinsurance, upon so much of its book of business as is attributable  to policies  of  excess coverage or equivalent excess coverage purchased on behalf of physicians and dentists, as is authorized by paragraph five of subsection (e) of  section  fifty-five  hundred  two  of  this  article, specifically  assessing  the  ability of any such reinsurance program to yield such funds as are necessary to effectuate the transfer of  assets, in  the  form  and  amount  provided  for  in section fifty-five hundred sixteen of this article.  (b) Any such plan of reinsurance developed pursuant to the  evaluation undertaken  pursuant  to subsection (a) of this section shall be subject to the final, non-reviewable determination of the superintendent  as  to its  sufficiency  in  meeting  the  objectives  provided  for in section fifty-five hundred sixteen of this article, that the plan of reinsurance provides for the ceding of risks to one or more reinsurers  approved  by the  superintendent,  that  the  plan of reinsurance in no way adversely affects  the  solvency  of  the  association,  and  that  the  plan   of reinsurance  to be effectuated through the association's engaging one or more such reinsurers in a contract for the ceding of risk not later than July first, nineteen hundred ninety-two.  (c) The amounts provided for in section fifty-five hundred sixteen  of this  article,  constituting  the  assets  to  be  transferred, shall be transferred not later than August first, nineteen hundred ninety-two and only after actuarial certification that such assets constitute  "surplus surplus",  or  that  portion  of surplus not otherwise necessary for the payment of claims. Upon such certification of such  assets  as  "surplus surplus",  and  not  otherwise necessary for the payment of claims, such assets shall be transferred not later than the date provided for herein. Such transfer shall be deemed to be a transfer authorized by  subsection (a) of section five thousand five hundred sixteen of this article.  (d)  In  the  event that the association has failed to comply with the provisions of this section by the time periods provided for herein,  the association  shall be prohibited from pursuing any such reinsurance plan as a method of averting the imposition  of  the  provisions  of  section ninety-one hundred ten of this chapter.
NY Ins L § 5601 (2021)
2021 New York Laws ISC - Insurance Article 56 - Health Care Arbitrations 5601 - Definitions.

§  5601. Definitions. In this article: "arbitration administrator" and   "hospital" have the same meaning as such terms in article seventy-five-A   of the civil practice law and rules.
NY Ins L § 5602 (2021)
2021 New York Laws ISC - Insurance Article 56 - Health Care Arbitrations 5602 - Professional Liability Policies; Arbitration Coverage.

§  5602.  Professional  liability  policies; arbitration coverage. Any   professional liability policy issued or  delivered  in  the  state  that   provides   coverage   for   physicians,   dentists,  health  maintenance   organizations, hospitals or health care providers  shall  be  deemed  to   include  coverage  for  and  defense  of  claims  subject to arbitration   pursuant to section thirty hundred forty-five or article  seventy-five-A   of  the civil practice law and rules or section forty-four hundred six-a   of the public health law.
NY Ins L § 5603 (2021)
2021 New York Laws ISC - Insurance Article 56 - Health Care Arbitrations 5603 - Arbitration Administration Fund and Expenses.

§  5603.  Arbitration  administration  fund and expenses. (a) There is established within the department  an  arbitration  administration  fund which  shall  be considered to be an expense of the department and shall be funded by order of the  superintendent,  pursuant  to  section  three hundred thirty-two of this chapter in such amount as shall be sufficient to  defray  the actual administrative expenses of the department and the arbitration  administrator  for  the  projected  number  of  arbitration proceedings  for  a twelve month period, after taking into consideration any excessive or insufficient amounts from the previous assessments, any appropriation of public funds for this purpose and any  funds  collected from  claimants participating in the arbitration. If the amount assessed for any twelve month period is insufficient to  defray  expenses  during that  period, a further assessment may be ordered by the superintendent. The  arbitration  administrator  shall  establish  reasonable  fees  for claimants who participate in the arbitration, subject to the approval of the superintendent.  (b)  The  administrative  expenses shall include but not be limited to the  costs  of  arbitrators,  the  arbitration  administrator  and   the department.
NY Ins L § 5604 (2021)
2021 New York Laws ISC - Insurance Article 56 - Health Care Arbitrations 5604 - Arbitration Forms, Brochures, and Materials.

§  5604.  Arbitration forms, brochures, and materials. The arbitration   administrator  shall  submit  to  the  superintendent,  for  review  and   approval,  required  forms  of  agreement  and explanatory brochures and   materials  to  be  used  for  the  arbitrations  authorized  by  section   forty-four   hundred   six-a  of  the  public  health  law  and  article   seventy-five-A of the civil practice law and rules.
NY Ins L § 5605 (2021)
2021 New York Laws ISC - Insurance Article 56 - Health Care Arbitrations 5605 - Review of Health Maintenance Organization Arbitration Experience.

§   5605.   Review  of  health  maintenance  organization  arbitration   experience. No health maintenance organization shall offer enrollees the   option of electing arbitration of claims pursuant to section  forty-four   hundred   six-a   of   the  public  health  law  without  notifying  the   superintendent of an intention  to  offer  the  arbitration  option  and   obtaining   the  superintendent's  approval.  The  superintendent  shall   approve such requests, subject to the limitations of this section and in   a manner that allows for sufficient geographical and  program  diversity   to  permit  an  effective  evaluation of the arbitration experience. The   superintendent of financial services shall  require  health  maintenance   organizations  to  submit,  on a quarterly basis, information concerning   the numbers of enrollees who elect the arbitration  option,  along  with   such    other   information   as   the   superintendent   may   require.   Notwithstanding the provisions of section forty-four  hundred  six-a  of   the  public  health law, no health maintenance organization shall permit   new enrollees to elect the arbitration of claims after  December  first,   nineteen  hundred  ninety-one  or  after  such  organizations  have been   notified by the superintendent that five hundred thousand  persons  have   elected  to  arbitrate  claims, whichever event first occurs. Within one   hundred twenty days of such date  or  event,  the  superintendent  shall   submit  a  report  to  the  governor  and the legislature describing the   experience of health maintenance organization enrollee  arbitration  and   including any recommendations for the future of such program.
NY Ins L § 5901 (2021)
2021 New York Laws ISC - Insurance Article 59 - Risk Retention Groups and Purchasing Groups 5901 - Title and Purpose.

§  5901.  Title  and  purpose.  This article may be cited as the "risk   retention groups and purchasing groups act." The purpose of this article   is to regulate the formation and/or operation  in  this  state  of  risk   retention groups and purchasing groups formed pursuant to the provisions   of  the  federal  Liability  Risk Retention Act of 1986 (Public Law 99 -   563), to the extent permitted by such law.
NY Ins L § 5903 (2021)
2021 New York Laws ISC - Insurance Article 59 - Risk Retention Groups and Purchasing Groups 5903 - Domestic Risk Retention Groups.

§  5903. Domestic risk retention groups. (a) A domestic risk retention group shall, pursuant to the provisions of this  chapter,  be  chartered and  licensed  as  a  domestic  property/casualty  insurer to write only liability insurance pursuant to this article  and,  except  as  provided elsewhere   in  this  article,  shall  comply  with  all  of  the  laws, regulations  and  orders  applicable   to   property/casualty   insurers organized and licensed in this state.  (b)  Before  it  may  offer insurance in any state, each domestic risk retention group shall submit to the superintendent for approval  a  plan of  operation  or  feasibility  study, and shall also submit a completed National Association of Insurance Commissioners  risk  retention  report form  to  the  superintendent.  Such  group  shall submit an appropriate revision in the event of any subsequent material change in any  item  of the  plan  of operation or feasibility study within ten days of any such change. Such group shall not offer any  additional  kinds  of  liability insurance  in  any  state until a revision of the plan or study has been approved by the superintendent.  (c) The submission of a plan of operation or feasibility  study  shall not  be required with respect to any kind or classification of liability insurance which was:  (1) defined in the federal Product Liability  Risk  Retention  Act  of 1981  (Public Law 97-45) before October twenty-seventh, nineteen hundred eighty-six; and  (2) offered before such date by any risk  retention  group  which  had been  chartered  and operating for not less than three years before such date.  (d) Immediately upon receipt of any application  for  licensing  as  a domestic  risk retention group, the superintendent shall provide summary information  concerning  the  filing  to  the  National  Association  of Insurance Commissioners.  (e)  The  name  under  which  a  domestic  risk retention group may be chartered and licensed shall be a brief description  of  its  membership followed   by  the  phrase  "Risk  Retention  Group",  and,  unless  its membership consists solely of insurers, shall not include the use of the terms "insurance", "insurance company", "mutual", "reciprocal",  or  any similar terms.
NY Ins L § 5905 (2021)
2021 New York Laws ISC - Insurance Article 59 - Risk Retention Groups and Purchasing Groups 5905 - Risk Retention Groups; Notice, Prohibited Solicitation, Coverage and Ownership.

§  5905.  Risk  retention  groups;  notice,  prohibited  solicitation, coverage and ownership. (a) Notice to purchasers.  (1)  Every  insurance policy  issued by a risk retention group shall contain in ten point type on the front page and on the declaration page, the following notice:                                   NOTICE           This policy is issued by your risk retention  group.           Your  risk retention group may not be subject to all           of the insurance laws and regulations of your state.           State insurance insolvency guaranty  funds  are  not           available for your risk retention group.  (2)  Every application for insurance from a risk retention group shall prominently contain a similar notice.  (b) Prohibited acts regarding solicitation or sale. The following acts by a risk retention group are prohibited:  (1) The solicitation or sale of insurance to any  person  who  is  not eligible for membership in such group; and  (2)  The solicitation or sale of insurance by, or operation of, a risk retention group that  is  in  a  hazardous  financial  condition  or  is financially impaired.  (c)  Prohibited  coverage. The terms of any insurance policy issued or issued for delivery in this state by any such risk retention group shall not provide, or be construed to provide, coverage  prohibited  generally by  statute  of  this state or declared unlawful by the highest court of this state whose law applies to such policy.  (d) Prohibition on ownership by an insurer. No  risk  retention  group shall  do business in this state if an insurer is directly or indirectly a member or owner of such risk retention group, other than in  the  case of a risk retention group all of whose members are insurers.
NY Ins L § 5906 (2021)
2021 New York Laws ISC - Insurance Article 59 - Risk Retention Groups and Purchasing Groups 5906 - Security Funds and Compulsory Associations.

§  5906.  Security  funds  and  compulsory  associations.  (a) No risk retention group shall be required or permitted  to  join  or  contribute financially  to  any  insurance  insolvency  security  fund,  or similar mechanism, in this state, nor shall any risk  retention  group,  or  its insureds  or claimants against its insureds receive any benefit from any such fund for claims arising under the insurance policies issued by such risk retention group.  (b) When a purchasing group obtains insurance  covering  its  members' risks  from  an insurer not authorized in this state or a risk retention group, no such risks wherever resident or located shall  be  covered  by any  insurance  insolvency  security  fund  or similar mechanism in this state.  (c) The superintendent may require risk retention groups not chartered in this state to participate, and may  exempt  domestic  risk  retention groups  from  participation,  in any mechanism established or authorized under the law of  this  state  for  the  equitable  apportionment  among insurers  of  liability insurance risks or of liability insurance losses and expenses incurred on policies written through  such  mechanism,  and such  risk  retention  groups shall submit sufficient information to the superintendent  to  enable  the  superintendent  to   apportion   on   a non-discriminatory  basis the risk retention group's proportionate share of such risks or of such losses and expenses.