New York § 6622 - 6622Refunds from surplus; assessment corporations
Full text of New York New York Consolidated Laws § 6622 — 6622Refunds from surplus; assessment corporations, with citation guidance and answers to common questions.
§ 6622. 6622Refunds from surplus; assessment corporations
§ 6622. Refunds from surplus; assessment corporations. (a) Subject to the requirements of this article for the accumulation and maintenance of minimum surplus, the surplus of any assessment corporation shall be eligible for equitable distribution to its members, but no distribution shall be made until authorized by the corporation's board of directors nor until approved by the superintendent. (b) In authorizing any such distribution the board of directors of an assessment corporation may provide for apportionment thereof among separate groups of members on the basis of underwriting experience equitably classified according to major kinds of insurance.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 6622
What does New York Consolidated Laws § 6622 cover?
Section 6622 ("6622Refunds from surplus; assessment corporations") 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 § 6622?
A common citation format is "New York Consolidated Laws § 6622" (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 § 6622 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.