Statute · New York Insurance Law
N.Y. Ins. Law § 5901 — Title and purpose
N.Y. Ins. Law § 5901
- Type
- Statute
- Source
- New York Insurance Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 5901. Title and purpose. This article may be cited as the "risk retention groups and purchasing groups act." The purpose of this article is to regulate the formation and/or operation in this state of risk retention groups and purchasing groups formed pursuant to the provisions of the federal…
Citator
N.Y. Ins. Law § 5901 — Title and purpose is in force in the current edition of the Code, and nothing recorded condemns it.
§ 5901. Title and purpose. This article may be cited as the "risk retention groups and purchasing groups act." The purpose of this article is to regulate the formation and/or operation in this state of risk retention groups and purchasing groups formed pursuant to the provisions of the federal Liability Risk Retention Act of 1986 (Public Law 99 - 563), to the extent permitted by such law.