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This entry was published on 2014-09-22
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SECTION 3435
Group property/casualty insurance
Insurance (ISC) CHAPTER 28, ARTICLE 34
§ 3435. Group property/casualty insurance.

(a) This section shall apply to public entities as defined in section
one hundred seven of this chapter, organizations described by section
501(c)(3) of the United States internal revenue code, charitable
corporations as defined in paragraph (a) of section one hundred two
(Definitions) of the not-for-profit corporation law and formed pursuant
to paragraph (a) of section two hundred one of the not-for-profit
corporation law, and organizations described by section two hundred
sixteen-a of the education law.

(b) Notwithstanding any other provision of this chapter, group
coverage for homogeneous groups formed for purposes other than obtaining
insurance may be approved, subject to regulations to be promulgated by
the superintendent, for the kinds of insurance permitted in subsection
(c) of this section, provided such policies shall be available to all
eligible members of such group upon application.

(c) Group policies may be written pursuant to this section for any of
the kinds of insurance authorized by subsection (a) of section one
thousand one hundred thirteen of this chapter, except the kinds of
insurance authorized by paragraphs one, two, three, sixteen, seventeen,
eighteen, twenty-one, twenty-two, twenty-three and twenty-five of such
subsection.

(d) Group policies approved pursuant to this section shall not be
eligible for the filing exemptions specified in section six thousand
three hundred one of this chapter.