New York Insurance Law Section 7601 - Property/casualty insurance security fund; public motor vehicle liability security fund.

  7601.  Property/casualty  insurance  security  fund;  public  motor
  vehicle  liability  security  fund.  (a)  The  property  and   liability
  insurance  security  fund  is  continued and shall hereafter be known as
  "the property/casualty insurance security fund".
(b) The public motor vehicle liability security fund is continued.
(c) The property/casualty insurance security fund shall consist of all
  payments made to it by  insurers  and  of  securities  acquired  by  and
  through  the  use  of moneys belonging to it, together with interest and
  accretions earned upon such payments  or  investments  earned  prior  to
  January first, nineteen hundred seventy-four.
(d)  The public motor vehicle liability security fund shall consist of
  all payments made to it by insurers and of securities  acquired  by  and
  through  the  use  of moneys belonging to it, together with interest and
  accretions earned upon such payments or investments.
(e) Each fund shall be administered separately by  the  superintendent
  in accordance with this article.

Last modified: February 3, 2019