N.Y. Insurance Law § 5207: Assessments against members

§ 5207. Assessments against members. (a) If at any time in the opinion

of the board, the corporation shall require funds for the operation of

its business, the board shall levy an assessment against the members of

the corporation.

(b) Each member shall be liable to the corporation for that portion of

the assessment which the net direct written premiums written by the

member, namely the gross direct written premiums less return premiums on

such direct business, for policies insuring against legal liability

arising out of the ownership, operation or maintenance of motor vehicles

which are principally garaged in this state, shall bear to the total or

aggregate of such net direct premiums written by all members in this

state in the last complete calendar year as shown by the records of the

superintendent.

(c) In this section "member" also includes a former member which has

withdrawn from the state or whose license has been revoked or which has

been merged into another corporation or has been placed in liquidation,

and such member or its successor shall be liable for all assessments

under this section based upon premiums written by it in New York prior

to the liquidation, withdrawal, revocation of license or merger.

(d) The assessment of self-insurers under sections three hundred

sixteen and three hundred seventy of the vehicle and traffic law shall

be based upon the amount determined by dividing the amount of the annual

assessment on insurers by the number of insured vehicles for the year

preceding the determination.