N.Y. Insurance Law § 4112: Mutual companies; protection against assessments

§ 4112. Mutual companies; protection against assessments. No domestic

mutual property/casualty insurance company and no officer or

representative thereof shall make any contract whether on behalf of such

company or of all or any of its policyholders, whereby the company or

the policyholders are insured or indemnified against the imposition or

payment of assessments which may be made upon members of the company, if

the contract is cancellable or otherwise terminable by any party thereto

upon the giving of notice of cancellation or termination within a period

of less than one year before the effective date of the cancellation or

termination.