5901 - Title and purpose. - New York Statutes

§ 5901. Title and purpose. This article may be cited as the "risk retention groups and purchasing groups act." The purpose of this article is to regulate the formation and/or operation in this state of risk retention groups and purchasing groups formed pursuant to the provisions of the federal Liability Risk Retention Act of 1986 (Public Law 99 - 563), to the extent permitted by such law.