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New York · Through 2026-09-11

N.Y. Insurance Law § 5204: Board of directors

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Where this section sits in the code
  1. Insurance Law
  2. Article 52. Motor Vehicle Accident Indemnification Corporation

§ 5204. Board of directors. (a) The board of directors of the

corporation shall be composed of nine persons. Seven of such directors

shall be representatives of motor vehicle liability insurers, shall

serve without compensation and be elected from among the members of the

corporation by the members of the corporation, each of which members

shall have one vote. In addition, the superintendent shall appoint two

directors as representing broad segments of the public; one such

director shall be a duly licensed insurance agent or broker and one

shall have no affiliation with insurers or insurance producers.

(b) Each director shall serve for a term of two years. At the

expiration of the initial term their successors in office shall serve

for terms as fixed in the by-laws of the corporation.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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