Section 6707. Tax exemption; residual market participation exemption; security funds

(a) Every nonprofit property/casualty insurance  company  subject to the provisions of this article shall be exempt from any fees,
  taxes,  special ad valorem levies or assessments of any kind, including,
  but not limited to, franchise taxes, sales taxes or other taxes, upon or
  with respect to any property owned by  it  or  under  its  jurisdiction,
  control  or  supervision,  or  upon  the  uses  thereof, or upon or with
  respect to its activities or operations in  furtherance  of  the  powers
  conferred  upon  it  by  this  article,  or  upon or with respect to any
  revenues or other income received  by  the  nonprofit  property/casualty
  insurance   company,   except  that  every  nonprofit  property/casualty
  insurance company licensed pursuant to this article shall be subject  to
  the  assessment  upon  domestic  insurers  under  section  three hundred
  thirty-two of this chapter,  the  assessments  upon  insurance  carriers
  under sections one hundred fifty-one and two hundred twenty-eight of the
  workers'   compensation  law  and  all  special  fund  assessments  upon
  insurance carriers under the workers' compensation law.
    (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.