N.Y. Ins. Law § 4101

Current through 2024 NY Law Chapter 432

Section 4101 - [Effective 10/27/2024] Definitions

In this article:

(a) "Basic kinds of insurance" means the kinds of insurance described in the following paragraphs of subsection (a) of section one thousand one hundred thirteen of this chapter numbered therein as set forth in parentheses below:

fire (4);

burglary and theft (7);

glass (8);

boiler and machinery (9);

elevator (10);

animal (11);

personal injury liability (13);

property damage liability (14) - basic as to stock companies only;

workers' compensation and employers' liability (15);

fidelity and surety (16);

credit (17);

marine and inland marine (20);

marine protection and indemnity (21) - basic as to mutual companies only.

(b) "Non-basic kinds of insurance" means the kinds of insurance described in the following paragraphs of subsection (a) of section one thousand one hundred thirteen of this chapter numbered therein as set forth in parentheses below:

accident and health (item (i) of (3));

non-cancellable disability (item (ii) of (3));

miscellaneous property (5);

water damage (6);

collision (12);

property damage liability (14) - non-basic as to mutual companies only;

motor vehicle and aircraft physical damage (19);

inland marine as specified in marine and inland marine (20);

marine protection and indemnity (21) - non-basic as to stock companies only;

residual value (22);

credit unemployment (24);

gap (26);

prize indemnification (27);

service contract reimbursement (28);

legal services insurance (29);

involuntary unemployment insurance (30);

salary protection insurance (31);

donor medical expense insurance (32);

excess business disability insurance (33).

N.Y. Ins. Law § 4101

Amended by New York Laws 2024, ch. 369,Sec. 3, eff. 10/27/2024.

Amended by New York Laws 2021, ch. 359,Sec. 3, eff. 8/2/2021.

Amended by New York Laws 2020, ch. 56,Sec. L-25, eff. 2/15/2021.

This section is set out more than once due to postponed, multiple, or conflicting amendments.