2012 New York Consolidated Laws
ISC - Insurance
Article 59 - (5901 - 5913) RISK RETENTION GROUPS AND PURCHASING GROUPS
5907 - Purchasing groups; exemption from certain laws.


NY Ins L § 5907 (2012) What's This?
 
    §  5907.  Purchasing groups; exemption from certain laws. A purchasing
  group and its insurer shall be subject to all applicable  laws  of  this
  state,  except  that a purchasing group and its insurer shall be exempt,
  in regard to liability insurance for the purchasing group and any of its
  members, from any law that would:
    (a) prohibit the establishment of a purchasing group;
    (b) make it unlawful for an insurer to provide  or  offer  to  provide
  liability  insurance  on a basis providing, to a purchasing group or its
  members, advantages, based on their loss  and  expense  experience,  not
  afforded to other persons with respect to rates, policy forms, coverages
  or other matters;
    (c)  prohibit  a  purchasing  group  or  its  members  from purchasing
  liability insurance on a group basis described in subsection (b) of this
  section;
    (d) prohibit a purchasing group from obtaining liability insurance  on
  a  group basis because the group has not been in existence for a minimum
  period of time or because any member has not belonged to the group for a
  minimum period of time;
    (e) require that a purchasing group must  have  a  minimum  number  of
  members, common ownership or affiliation, or a certain legal form;
    (f)  require  that  a  certain  percentage  of a purchasing group must
  obtain liability insurance on a group basis; or
    (g) otherwise discriminate against a purchasing group or  any  of  its
  members.

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