(b) Each member shall be liable to the corporation for that portion of
the assessment which the net direct written premiums written by the
member, namely the gross direct written premiums less return premiums on
such direct business, for policies insuring against legal liability
arising out of the ownership, operation or maintenance of motor vehicles
which are principally garaged in this state, shall bear to the total or
aggregate of such net direct premiums written by all members in this
state in the last complete calendar year as shown by the records of the
superintendent.
(c) In this section "member" also includes a former member which has
withdrawn from the state or whose license has been revoked or which has
been merged into another corporation or has been placed in liquidation,
and such member or its successor shall be liable for all assessments
under this section based upon premiums written by it in New York prior
to the liquidation, withdrawal, revocation of license or merger.
(d) The assessment of self-insurers under sections three hundred
sixteen and three hundred seventy of the vehicle and traffic law shall
be based upon the amount determined by dividing the amount of the annual
assessment on insurers by the number of insured vehicles for the year
preceding the determination.
Structure New York Laws
Article 52 - Motor Vehicle Accident Indemnification Corporation
5203 - Motor Vehicle Accident Indemnification Corporation.
5205 - Liability of Directors and Members.
5207 - Assessments Against Members.
5209 - Investigation and Defense of Claims.
5210 - Application for Payment of Judgment.
5211 - Hearing on Application for Payment of Judgment.
5212 - Order for Payment of Judgment.
5213 - Settlement of Claims or Actions.
5214 - Default and Consent Judgments.
5216 - Assignments of Judgments to Corporation.
5217 - "Hit and Run" Causes of Action.
5218 - Procedure for "Hit and Run" Cases.
5219 - Disclaimer or Denial of Coverage Cases.
5220 - Notice of Judgment to Commissioner.
5221 - "No-Fault" Benefits to Qualified Persons.
5222 - Examination of Corporation.