New York Laws
Article 67 - Nonprofit Property/casualty Insurance Companies
6702 - Definitions.

(a) "Member" shall, in the case of a nonprofit property/casualty
insurance company organized as a type B corporation pursuant to
paragraph (b) of section two hundred one of the not-for-profit
corporation law, have the meaning set forth in paragraph (a) of section
one hundred two of the not-for-profit corporation law or, in the case of
a nonprofit property/casualty insurance company organized as nonprofit
reciprocal insurer under article sixty-one of this chapter, have the
meaning set forth in subsection (g) of section six thousand one hundred
one of this chapter.
(b) "Nonmember charitable organization" shall have the meaning set
forth in subsection (n) of section 501 of the Internal Revenue Code.
(c) "Nonprofit organizations" means organizations described in
paragraph (3) of subsection (c), and exempt from taxation under
subsection (a), of section 501 of the Internal Revenue Code, including,
if qualified thereunder, type B or D organizations formed pursuant to
paragraph (b) of section two hundred one of the not-for-profit
corporation law, and organizations described in section two hundred
sixteen-a of the education law.
(d) "Startup capital" shall have the meaning set forth in subsection
(n) of section 501 of the Internal Revenue Code.

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