N.Y. Insurance Law § 4116: Domestic mutual companies; voting rights of members

§ 4116. Domestic mutual companies; voting rights of members. The

charter or by-laws of any domestic mutual property/casualty insurance

company may, with the approval of the superintendent pursuant to section

one thousand two hundred nine of this chapter, provide for the

distribution of voting power, at all meetings of the corporation, among

the members on the basis of the amount of insurance held, the number of

policies held, or the amount of premiums paid, by the member or on any

other basis which the superintendent finds to be fair and equitable; but

in any event every member whose insurance is in force at the time of the

election shall be entitled to at least one vote, and no member shall be

entitled to more than ten votes.