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5907 - Purchasing Groups; Exemption From Certain Laws.

NY Ins L § 5907 (2019) (N/A)
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(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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5906 - Security Funds and Compulsory Associations.
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5908 - Notice and Registration Requirements of Purchasing Groups.