Laws of New York (Last Updated: November 21, 2014) |
ISC Insurance |
Article 59. RISK RETENTION GROUPS AND PURCHASING GROUPS |
Section 5913. Financial responsibility
Latest version.
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Wherever pursuant to the laws of this state or any political subdivision of this state a demonstration of financial responsibility is required as a condition for obtaining a license or permit to undertake specified activities, if any such requirement may not be satisfied by obtaining insurance coverage from an insurer not authorized to do business in this state, such requirement may not be satisfied by purchasing insurance from a risk retention group not chartered in this state.