N.Y. Insurance Law § 7011: Exemption from compulsory associations

§ 7011. Exemption from compulsory associations. No captive insurance

company shall be permitted to join or contribute financially to any

plan, pool, association, or guaranty or insolvency fund in this state,

nor shall any captive insurance company, or its insured, or its parent

or any affiliated company, or any member organization of its

association, receive any benefit from any such plan, pool, association,

or guaranty or insolvency fund for claims arising out of the operations

of such captive insurance company.