N.Y. Insurance Law § 6618: Suits to recover assessments

§ 6618. Suits to recover assessments. (a) An assessment corporation

may maintain a civil action against any member or former member of such

corporation for the unpaid amount of any extraordinary or post

assessment lawfully levied against him, or against any former member of

such corporation for the earned portion of any advance assessment which

he has failed to pay.

(b) In any such action the corporation may recover, in addition to

such sum or sums, legal interest thereon and the amount of any penalty

imposed by such corporation's by-laws for failure to pay such

assessments; but no such corporation shall provide in its by-laws for

such a penalty in excess of fifty percent of such an assessment.