Statute · New York Insurance Law

N.Y. Ins. Law § 5907 — Purchasing groups; exemption from certain laws

N.Y. Ins. Law § 5907

Type: Statute
Source: New York Insurance Law
Jurisdiction: New York
Current through: Nov 5, 2026 (NY Senate Open Legislation)

§ 5907. Purchasing groups; exemption from certain laws. A purchasing group and its insurer shall be subject to all applicable laws of this state, except that a purchasing group and its insurer shall be exempt, in regard to liability insurance for the purchasing group and any of its members, from…

Citator

N.Y. Ins. Law § 5907 — Purchasing groups; exemption from certain laws is in force in the current edition of the Code, and nothing recorded condemns it.

(a) prohibit the establishment of a purchasing group;

(b) make it unlawful for an insurer to provide or offer to provide liability insurance on a basis providing, to a purchasing group or its members, advantages, based on their loss and expense experience, not afforded to other persons with respect to rates, policy forms, coverages or other matters;

(c) prohibit a purchasing group or its members from purchasing liability insurance on a group basis described in subsection (b) of this section;

(d) prohibit a purchasing group from obtaining liability insurance on a group basis because the group has not been in existence for a minimum period of time or because any member has not belonged to the group for a minimum period of time;

(e) require that a purchasing group must have a minimum number of members, common ownership or affiliation, or a certain legal form;

(f) require that a certain percentage of a purchasing group must obtain liability insurance on a group basis; or

(g) otherwise discriminate against a purchasing group or any of its members.