N.Y. Insurance Law § 6701: Purpose; construction

§ 6701. Purpose; construction. (a) The purpose of this article is to

provide for the organization and licensing of a nonprofit

property/casualty insurance company that insures nonprofit organizations

and that will qualify, and continue to qualify, as a "qualified

charitable risk pool" as defined in subsection (n) of section 501 of the

Internal Revenue Code.

(b) This article shall be liberally construed to effect the purpose

under subsection (a) of this section which shall constitute an aid and

guide to interpretation.