New York Insurance Law Article 55 - MEDICAL MALPRACTICE INSURANCE ASSOCIATION

• 5501 - Definitions.
  In this article: (a) "Association" means the medical malpractice insurance association. (b) "Medical malpractice insurance" means insurance against legal liability of the insured, and against...
• 5502 - Medical Malpractice Insurance Association.
  (a) The medical malpractice insurance association is continued consisting of all insurers authorized to write and engaged in writing, within this state, on a direct...
• 5503 - Plan of Operation.
  (a) The association shall operate in accordance with a plan of operation approved by the superintendent which provides for economic, fair and non-discriminatory administration and...
• 5504 - Policies.
  (a) No policy form shall be used by the association unless it has been filed with the superintendent and either he has approved it, or...
• 5505 - Rates.
  (a) The rates, rating plans, rating rules, rating classifications, territories and statistics applicable to the insurance written by the association shall be subject to article...
• 5506 - Procedures.
  (a) Any licensed physician, dentist, podiatrist, certified nurse-midwife, certified registered nurse anesthetist or hospital is entitled to apply to the association for coverage pursuant to...
• 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...
• 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....
• 5509 - Stabilization Reserve Fund.
  (a) The association shall maintain a stabilization reserve fund. The fund shall be used for payment to the association of any deficit, or for reimbursement...
• 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...
• 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...
• 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...
• 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...
• 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...
• 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...
• 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...
• 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...
• 5517-a - Return of Association Premium.
  (a) Notwithstanding any inconsistent provision of this chapter or any other law to the contrary, if the superintendent determines, for policies of excess coverage or...

Last modified: February 3, 2019