§ 6708. Rules and regulations. The superintendent shall promulgate such rules and regulations as may be necessary for the implementation of this article. Such regulation may be necessary in light of the nonprofit property/casualty insurance company being owned by nonprofit organizations that it insures, including the proprietary nature of the information relating to the nonprofit property/casualty insurance company's operations.

Terms Used In N.Y. Insurance Law 6708

  • Nonprofit organizations: means organizations described in paragraph (3) of subsection (c), and exempt from taxation under subsection (a), of section 501 of the Internal Revenue Code, including, if qualified thereunder, type B or D organizations formed pursuant to paragraph (b) of section two hundred one of the not-for-profit corporation law, and organizations described in § 216-a of the education law. See N.Y. Insurance Law 6702
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