2006 New York Code - Changes And Amendments.

 
    §  6107. Changes and amendments.  (a) (1)  No reciprocal insurer shall
  change its name  or  amend  its  subscriber's  agreement  without  first
  obtaining the written approval of the superintendent.
    (2)  No  such  insurer  shall  establish branch offices under other or
  different names or titles.
    (b) The superintendent shall approve any change or substitution in the
  attorney-in-fact of any such insurer and there shall  be  filed  in  the
  office  of  the  new  attorney-in-fact  new  subscriber's  agreements or
  amendments to the existing subscriber's agreements  containing  the  new
  powers  of  attorney  signed  by  every  subscriber  of  such reciprocal
  insurer.   Notwithstanding the  foregoing,  a  foreign  reciprocal  that
  primarily  provides coverage to former and current military officers and
  their  families  shall  notify  the  superintendent  of  any  change  or
  substitution  in  the  attorney-in-fact  of  such  insurer  and  the new
  attorney-in-fact shall apply  for  licensure  pursuant  to  section  six
  thousand  one  hundred  five  of this article within thirty days of such
  change or substitution.
    (c)  After any reciprocal insurer is authorized to do business in this
  state, it may be joined by other and  additional  subscribers  who  have
  been  accepted  and  are  qualified  and  have  executed  a subscriber's
  agreement and power of attorney identical with the instruments in effect
  at that time and which all other subscribers have executed.
    (d) (1)   No such change and  no  amendment  or  modification  in  the
  provisions  of  the  subscriber's  agreement  shall  be submitted to the
  subscribers for execution unless approved by the advisory committee at a
  meeting duly called for such purpose.
    (2)  Every such change, amendment or modification shall  be  submitted
  for  execution  to  all existing subscribers contemporaneously and shall
  take effect, as to all subscribers executing the same, at the expiration
  of one year from the date of such submission.
    (3)  Any subscriber failing to execute any new subscriber's  agreement
  or  any  amendment to an existing subscriber's agreement within one year
  after its  submission  to  such  subscriber  shall  be  deemed  to  have
  withdrawn from membership in such reciprocal.
    (4)  Notwithstanding paragraphs one, two and three hereof, in the case
  of  any  reciprocal  insurer  which  shall  have issued its policies, or
  binders, with the subscriber's agreement and statement  printed  thereon
  pursuant  to paragraph two of subsection (a) of section six thousand one
  hundred six of this article, the  failure  of  any  subscriber  at  such
  reciprocal to object in writing thereto within sixty days after the date
  of such submission shall constitute such subscriber's acceptance of such
  change,  amendment  or  modification  as fully and to the same extent as
  though acceptance of such change, amendment  or  modification  had  been
  signed and acknowledged by that subscriber and such change, amendment or
  modification shall take effect, as to all subscribers at such reciprocal
  who  have  not  objected  thereto in writing, at the expiration of sixty
  days from the date of submission.  Any subscriber at such reciprocal who
  objects in writing, within sixty days from the date of such  submission,
  to  such  change,  amendment  or  modification  shall  be deemed to have
  withdrawn from membership in such reciprocal.