N.Y. Insurance Law § 7601: Property/casualty insurance security fund; public motor vehicle liability security fund

§ 7601. Property/casualty insurance security fund; public motor

vehicle liability security fund. (a) The property and liability

insurance security fund is continued and shall hereafter be known as

"the property/casualty insurance security fund".

(b) The public motor vehicle liability security fund is continued.

(c) The property/casualty insurance security fund shall consist of all

payments made to it by insurers and of securities acquired by and

through the use of moneys belonging to it, together with interest and

accretions earned upon such payments or investments earned prior to

January first, nineteen hundred seventy-four.

(d) The public motor vehicle liability security fund shall consist of

all payments made to it by insurers and of securities acquired by and

through the use of moneys belonging to it, together with interest and

accretions earned upon such payments or investments.

(e) Each fund shall be administered separately by the superintendent

in accordance with this article.