2018 New York Laws
ISC - Insurance
Article 74 - Rehabilitation, Liquidation, Conservation and Dissolution of Insurers
7436 - Claims-Made Policies; Special Requirements.

§ 7436. Claims-made policies; special requirements. (a) Where a policy
  has  been  issued  on a claims-made basis by an insurer against which an
  order of liquidation, rehabilitation or conservation  has  been  entered
  pursuant  to  this  article,  the  superintendent  shall  provide, at an
  appropriate additional premium by the insured and  consistent  with  the
  terms  of  such policy, for the issuance of coverage for claims based on
  occurences prior to the termination of the  policy  which  are  reported
  after the termination of the policy, in the event that the insured seeks
  to purchase such coverage in accordance with the terms of such policy.
(b)  If  the  order  of liquidation, rehabilitation or conservation is
  entered against an insurer which has issued medical malpractice policies
  on a claims-made basis, then notwithstanding the entry  of  such  order,
  the  superintendent  shall  comply with the requirements for claims-made
  policies as set forth in subsections (b), (c) and (d) of  section  three
  thousand  four  hundred  thirty-six  of this chapter and paragraphs two,
  three and four of subsection (f) of section five thousand  five  hundred
  four of this chapter.
(c)  In  the  event  that  an  insured,  who has been issued a medical
  malpractice policy on a claim-made basis by an insurer against which  an
  order  of liquidation has been entered pursuant to this article, chooses
  to purchase coverage from a successor insurer, the superintendent  shall
  expedite  the  transfer  of  coverage  that has been accrued, for claims
  based on occurrences prior to the termination of the  policy  which  are
  reported  after  the termination of the policy, to the successor insurer
  of each insured, in accordance  with  the  requirement  for  claims-made
  policies  as  set forth in subsections (b), (c) and (d) of section three
  thousand four hundred thirty-six and paragraphs two, three and  four  of
  subsection  (f)  of  section  five  thousand  five  hundred four of this
  chapter.