New York Laws
Article 67 - Nonprofit Property/casualty Insurance Companies
6707 - Tax Exemption; Residual Market Participation Exemption; Security Funds.

(b) Every nonprofit property/casualty insurance company subject to the
provisions of this article shall be exempt from participation in the
plan pursuant to article fifty-three of this chapter, the association
pursuant to article fifty-four of this chapter and the association
pursuant to article fifty-five of this chapter.
(c) A nonprofit property/casualty insurance company and the contracts
it issues will be subject to the provisions of article seventy-six of
this chapter and article six-A of the workers' compensation law.

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