§ 7116. Liability of members of assessment company to continue. In\ncase of a merger or consolidation of assessment companies the liability\nof members thereof to assessments shall continue and be transferred to\nthe surviving or consolidated company.\n
Liability of members of assessment company to continue
N.Y. Insurance Law § 7116, under Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers.
N.Y. Insurance Law § 7116