N.Y. Insurance Law § 6626: Qualification of membership

§ 6626. Qualification of membership. (a) In addition to the legal

ability of any natural person to insure in any advance premium or

assessment corporation property located in the territory in which such

corporation is licensed to do business and in which property he has an

insurable interest, it shall also be lawful for any corporation, board,

estate, or association to insure in any co-operative property/casualty

insurance company property located in the territory in which such

corporation is licensed to do business, and in which property it has an

insurable interest.

(b) Any officer, trustee, board member, or legal representative of

such corporation, board, estate, or association may be recognized for or

on its behalf for the purpose of membership, but shall not be

personnally liable upon such contract or contracts of insurance by

reason of acting in such representative capacity.