N.Y. ISC Law § 4116
This is the official text of N.Y. ISC Law § 4116, part of New York’s ISC Law — part of the compiled statutory law of New York, published by the state as "ISC Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Domestic mutual companies; voting rights of members
Official statutory text
§ 4116. Domestic mutual companies; voting rights of members. The\ncharter or by-laws of any domestic mutual property/casualty insurance\ncompany may, with the approval of the superintendent pursuant to section\none thousand two hundred nine of this chapter, provide for the\ndistribution of voting power, at all meetings of the corporation, among\nthe members on the basis of the amount of insurance held, the number of\npolicies held, or the amount of premiums paid, by the member or on any\nother basis which the superintendent finds to be fair and equitable; but\nin any event every member whose insurance is in force at the time of the\nelection shall be entitled to at least one vote, and no member shall be\nentitled to more than ten votes.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.