New York Laws
Article 12 - Organization and Corporate Procedure
1211 - Mutual Insurance Corporations; Membership and Dividends.

(b) A member of any such corporation may vote at any such meeting in
person or by proxy. No proxy or power of attorney given by him, to vote
at any meeting of such corporation, shall be valid or effective after
the next meeting. No person shall directly or indirectly sell or
purchase, or offer to sell or purchase, any proxy or power of attorney
to vote at any such meeting, nor shall any person directly or indirectly
give or receive, or offer to give or receive, any proxy or power of
attorney to vote at any such meeting as an inducement to the negotiation
or making of a contract of insurance or any renewal thereof, to the
settlement of any claim thereunder, or to any other act relating
thereto.
(c) All corporations, their directors and representatives and all
persons, firms or corporations holding property in trust may insure the
same in mutual insurance corporations and by so doing such directors,
representatives or trustees, in their representative capacity, may
assume the liabilities and be entitled to the rights of a member of such
insurer, but shall not be personally liable as individuals upon such
contract of insurance.
(d) The provisions of this section as to members' voting rights and
the election of directors shall not apply to any domestic mutual life
insurance company governed by the provisions of section four thousand
two hundred ten of this chapter, nor shall they require any such company
to hold a meeting of its members.
(e) As to any surety or fidelity bond or like obligation executed by a
mutual property/casualty insurance company as a surety or guarantor, the
principal, and not the obligee, shall be a member of such corporation.