New York Laws
Article 59 - Risk Retention Groups and Purchasing Groups
5911 - Insurance Agents, Insurance Brokers and Excess Line Brokers.

(b) If any person, firm, association, or corporation does an act with
respect to a purchasing group or any member thereof, which act if done
with respect to any other person or entity would require that the
person, firm, association, or corporation doing such act be licensed as
an insurance agent or broker, then such person, firm, association, or
corporation must be appropriately licensed pursuant to this chapter.
(c) Every person, firm, association, or corporation licensed pursuant
to the provisions of article twenty-one of this chapter shall, on
business placed by such licensee with a risk retention group or with an
unauthorized insurer on behalf of a purchasing group or any of its
members, inform each prospective insured of the provisions of the notice
required by subsection (a) of section five thousand nine hundred five of
this article in the case of a risk retention group and subsection (c) of
section five thousand nine hundred nine of this article in the case of a
purchasing group.

Structure New York Laws