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New York · Through 2026-09-11

N.Y. Insurance Law § 5508: Directors

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Where this section sits in the code
  1. Insurance Law
  2. Article 55. Medical Malpractice Insurance Association

§ 5508. Directors. (a) The association shall be governed by a board of

twenty-one directors. The superintendent or his duly authorized

representative shall serve as a non-voting director. Two directors shall

be appointed by the governor. Two directors shall be appointed by the

temporary president of the senate and two directors shall be appointed

by the speaker of the assembly. Eight directors shall be elected by

cumulative voting by the members of the association, whose votes in such

election shall be weighted in accordance with each member's net direct

premiums written during the preceding calendar year. Four directors

shall be appointed by the superintendent as representatives of

physicians and hospitals. The superintendent shall also appoint two

directors as representatives of the public, who shall not be

representatives of physicians or hospitals, or representatives of

insurers or insurance producers. The eight member companies serving on

the board shall be elected annually at a meeting of the members.

(b) The directors shall serve without compensation but shall be

reimbursed for their actual and necessary expenses incurred in the

performance of their duties under this article.

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

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