N.Y. Insurance Law Section 5506
Procedures

(a)

Any licensed physician, dentist, podiatrist, certified nurse-midwife, certified registered nurse anesthetist or hospital is entitled to apply to the association for coverage pursuant to this article. Application may be made directly to the association by the applicant, in which event no service fee shall be charged. If the applicant authorizes a broker or agent to make the application, the only charge for such service shall be a service fee as limited by the plan of operation and in compliance with the procedure established in subsections (c) and (d) of § 2119 (Insurance agents, brokers, consultants, life settlement brokers, and title insurance agents)section two thousand one hundred nineteen of this chapter.

(b)

A policy shall be issued when the association determines that the applicant is duly licensed and receives the premium or the portion prescribed in the plan of operation.

Source: Section 5506 — Procedures, https://www.­nysenate.­gov/legislation/laws/ISC/5506 (updated Sep. 22, 2014; accessed Jan. 18, 2025).

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Accessed:
Jan. 18, 2025

Last modified:
Sep. 22, 2014

§ 5506’s source at nysenate​.gov

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