(b) (1) Contributions to this fund shall be determined on the basis of
net direct written premiums on insurance policies or surety bonds issued
to meet the requirements of section three hundred seventy of the vehicle
and traffic law.
(2) Every insurer issuing such policies or bonds, upon filing its
quarterly return pursuant to section seven thousand six hundred five of
this article, shall pay into the fund three percent of its net direct
written premiums as shown for the period covered by such return.
Structure New York Laws
Article 76 - Property/casualty Security Funds
7601 - Property/casualty Insurance Security Fund; Public Motor Vehicle Liability Security Fund.
7603 - Property/casualty Insurance Security Fund.
7604 - Public Motor Vehicle Liability Security Fund.
7606 - Determination of Net Value of Funds; Limits.
7607 - Management and Investment of Funds.
7608 - Payments From Funds; Subrogation; Limit on Payments.
7609 - Rights of Funds Against Insolvent Insurers.
7611 - Expense of Administering Funds.