New York § 5508 - 5508Directors
Full text of New York New York Consolidated Laws § 5508 — 5508Directors, with citation guidance and answers to common questions.
§ 5508. 5508Directors
§ 5508. Directors. (a) The association shall be governed by a board of twenty-one directors. The superintendent or his duly authorized representative shall serve as a non-voting director. Two directors shall be appointed by the governor. Two directors shall be appointed by the temporary president of the senate and two directors shall be appointed by the speaker of the assembly. Eight directors shall be elected by cumulative voting by the members of the association, whose votes in such election shall be weighted in accordance with each member's net direct premiums written during the preceding calendar year. Four directors shall be appointed by the superintendent as representatives of physicians and hospitals. The superintendent shall also appoint two directors as representatives of the public, who shall not be representatives of physicians or hospitals, or representatives of insurers or insurance producers. The eight member companies serving on the board shall be elected annually at a meeting of the members. (b) The directors shall serve without compensation but shall be reimbursed for their actual and necessary expenses incurred in the performance of their duties under this article.
Frequently Asked Questions About New York § 5508
What does New York Consolidated Laws § 5508 cover?
Section 5508 ("5508Directors") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 5508?
A common citation format is "New York Consolidated Laws § 5508" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 5508 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.