Enacts the "limited equity cooperative insurance captive authorization and county cap act" to enable limited equity cooperatives in New York to.

The bill enacts the "limited equity cooperative insurance captive authorization and county cap act" to allow limited equity cooperatives in New York to establish insurance captives. These captives aim to enhance risk management, improve insurance coverage, and promote financial stability for cooperative members. Participation in the insurance captive is voluntary, with members contributing to its capital and premium reserves. The cooperatives must maintain separate financial records and accounts for the captive.

Enacts the "limited equity cooperative insurance captive authorization and county cap act" to enable limited equity cooperatives in New York to.

The bill enacts the "limited equity cooperative insurance captive authorization and county cap act" to allow limited equity cooperatives in New York to establish insurance captives. These captives aim to enhance risk management, improve insurance coverage, and promote financial stability for cooperative members. Participation in the insurance captive is voluntary, with members contributing to its capital and premium reserves. The cooperatives must maintain separate financial records and accounts for the captive.