New York Insurance Law Article 54 - NEW YORK PROPERTY INSURANCE UNDERWRITING ASSOCIATION

• 5401 - Definitions.
  In this article: (a) "Fire insurance" means coverage against loss of or damage to any property resulting from fire, as defined in paragraph four of...
• 5402 - Joint Underwriting Association.
  (a) The joint underwriting association known as the New York property insurance underwriting association is continued, consisting of all insurers authorized to write and engaged...
• 5403 - Procedures.
  (a) Any person having an insurable interest in insurable property, who has made a diligent effort in the normal insurance market to procure fire insurance,...
• 5404 - Rates, Rating Plans, Rules and Statistics.
  (a) The rates, rating plans, rating rules and statistics applicable to the insurance written by the association shall be subject to the relevant provisions of...
• 5405 - Participation.
  (a) Every member of the association shall participate in its writings, expenses, profits and losses in the proportion that the net direct premiums of the...
• 5406 - Appeals.
  Any applicant to the association and any person insured pursuant to this article, or their representatives, or any affected insurer, may appeal to the superintendent...
• 5407 - Availability of Reports; Immunity.
  (a) Reports of inspection performed by or on behalf of the association shall be available to members of the association, applicants and the superintendent. (b)...
• 5408 - Annual Statement.
  (a) The association shall annually file a statement in the office of the superintendent on or before the first day of March. Such statement shall...
• 5409 - Examinations.
  The superintendent may, in accordance with article three of this chapter, make an examination into the affairs of the association whenever he deems it expedient....
• 5410 - Reimbursement Fund.
  (a) The superintendent shall assess each member of the association an amount sufficient to provide reimbursement payments, pursuant to the provisions of section 1223(a)(1) of...
• 5412 - Additional Powers of the Association.
  * (a) As used in this article: (1) "Commercial risk insurance", "public entity insurance" and "professional liability insurance" have the meanings ascribed to them by...
• 5414 - Coastal Market Assistance Program (C-Map).
  (a) The association shall create a coastal market assistance program to provide a voluntary mechanism whereby insurers and insurance agents and brokers facilitate efficient access...

Last modified: February 3, 2019