(b) The superintendent, upon application by any assessment
corporation, may issue a license pursuant to section one thousand one
hundred two of this chapter to such corporation to do business in
adjoining counties additional to those in which it is then authorized or
in the entire state with the exception of the counties of New York,
Kings, Queens, Bronx and Richmond, if such corporation is in possession
of a surplus to policyholders of one hundred thousand dollars or more,
and is maintaining full unearned premium reserves in accordance with
section one thousand three hundred five of this chapter.
(c) Every license issued by the superintendent pursuant to this
section shall include the county in which the corporation to which it is
issued maintains its principal office.
(d) Applications made to the superintendent pursuant to this section
shall be in such form as he may by regulation require.
Structure New York Laws
Article 66 - Co-Operative Property/casualty Insurance Companies
6601 - Scope of Article; Other Provisions.
6602 - Classification of Insurers; Foreign and Alien Insurers.
6603 - Incorporation of Co-Operative Property/casualty Insurance Companies.
6604 - Organization of Advance Premium Corporations.
6605 - Organization of Assessment Corporations.
6608 - Extension of Territory.
6612 - Rebating and Discrimination; Accounts and Statistics; Assessment Corporations.
6613 - Limitation of Expenses; Co-Operative Property/casualty Insurance Companies.
6614 - Contingent Liability of Members; Advance Premium Corporations.
6615 - Annual Assessments; Borrowed Money.
6616 - Extraordinary Assessments; Assessment Corporations.
6617 - Notice of Assessment; Assessment Corporations.
6618 - Suits to Recover Assessments.
6619 - Special Reserve or Emergency Funds; Co-Operative Property/casualty Insurance Companies.
6620 - Non-Assessable Policies; Advance Premium Corporations.
6621 - Unabsorbed Portions of Premium Payments.