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New York Codes Rules Regulations (Last Updated: March 27,2024) |
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TITLE 11. Insurance |
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Chapter V. Rates and Rating Organizations |
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Subchapter B. Commercial and Industrial Risks |
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Part 153. Property/Casualty Insurance Group and Quasi-Group Standards |
Sec. 153.8. Compulsory participation prohibited
Latest version.
- No insurer shall provide coverage in regard to a group or quasi-group program that:(a) requires the purchase of insurance as a condition of group membership or quasi-group participation; or(b) imposes any penalty upon a group member or quasi-group participant if insurance is not purchased.