ยง 5913. Financial responsibility. Wherever pursuant to the laws of
this state or any political subdivision of this state a demonstration of
financial responsibility is required as a condition for obtaining a
license or permit to undertake specified activities, if any such
requirement may not be satisfied by obtaining insurance coverage from an
insurer not authorized to do business in this state, such requirement
may not be satisfied by purchasing insurance from a risk retention group
not chartered in this state.
Structure New York Laws
Article 59 - Risk Retention Groups and Purchasing Groups
5903 - Domestic Risk Retention Groups.
5904 - Risk Retention Groups Not Chartered in This State.
5905 - Risk Retention Groups; Notice, Prohibited Solicitation, Coverage and Ownership.
5906 - Security Funds and Compulsory Associations.
5907 - Purchasing Groups; Exemption From Certain Laws.
5908 - Notice and Registration Requirements of Purchasing Groups.
5909 - Restrictions on Insurance Obtained by Purchasing Groups.
5911 - Insurance Agents, Insurance Brokers and Excess Line Brokers.
5912 - Binding Effect of Orders Issued in United States District Court.