Laws of New York (Last Updated: November 21, 2014)

Section 7011. Exemption from compulsory associations

Latest version.

No captive insurance
  company  shall  be  permitted  to  join or contribute financially to any
  plan, pool, association, or guaranty or insolvency fund in  this  state,
  nor  shall  any captive insurance company, or its insured, or its parent
  or  any  affiliated  company,  or  any  member   organization   of   its
  association,  receive any benefit from any such plan, pool, association,
  or guaranty or insolvency fund for claims arising out of the  operations
  of such captive insurance company.

                    
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