Insurance Law 3435 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 3434 Motor vehicle insurance policies; disabled persons; prohibitions against cancelling, refusing to issue or renew policies up ARTICLE 34 Insurance Contracts-property/casualty next SECTION 3435-A Motor vehicle insurance policies; New York state licensed drivers; prohibitions against refusing to issue policies or renew policies Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 3435 Group property/casualty insurance Insurance (ISC) CHAPTER 28, ARTICLE 34 § 3435. Group property/casualty insurance. (a) This section shall apply to public entities as defined in section one hundred seven of this chapter, organizations described by section 501(c)(3) of the United States internal revenue code, charitable corporations as defined in paragraph (a) of section one hundred two (Definitions) of the not-for-profit corporation law and formed pursuant to paragraph (a) of section two hundred one of the not-for-profit corporation law, and organizations described by section two hundred sixteen-a of the education law. (b) Notwithstanding any other provision of this chapter, group coverage for homogeneous groups formed for purposes other than obtaining insurance may be approved, subject to regulations to be promulgated by the superintendent, for the kinds of insurance permitted in subsection (c) of this section, provided such policies shall be available to all eligible members of such group upon application. (c) Group policies may be written pursuant to this section for any of the kinds of insurance authorized by subsection (a) of section one thousand one hundred thirteen of this chapter, except the kinds of insurance authorized by paragraphs one, two, three, sixteen, seventeen, eighteen, twenty-one, twenty-two, twenty-three and twenty-five of such subsection. (d) Group policies approved pursuant to this section shall not be eligible for the filing exemptions specified in section six thousand three hundred one of this chapter.