2012 New York Consolidated Laws
ISC - Insurance
Article 55 - (5501 - 5517-A) 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.