US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Home » US Law » 2022 New York Laws » Consolidated Laws » ISC - Insurance » Article 34 - Insurance Contracts-Property/casualty » 3410 – Fire Insurance Contract; Payment of Liens on Proceeds; Certain Cases.
§ 3410. Fire insurance contract; payment of liens on proceeds; certain
cases. (a) Every fire insurance policy insuring the interest of an owner
pursuant  to  this  article shall include a statement that, prior to the
payment of any proceeds thereunder otherwise payable to the insured  for
damages  resulting  to  the premises from a loss occasioned by fire, the
insurer will deduct and pay the claim of any tax district which  renders
a  certificate  of  lien  pursuant  to  the  provisions of section three
hundred thirty-one of this chapter.

(b) Such statement shall further relate that upon the payment of such claim the insurer shall, to the extent of such payment, be released from any obligation to pay the same to the insured and that the payment of any such claim within thirty days of receipt by the insurer of the certificate of lien shall, as between the insured and the insurer, operate as a conclusive presumption that such claim was valid and properly paid.