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Home » US Law » 2022 New York Laws » Consolidated Laws » ISC - Insurance » Article 5 - Certificates of Insurance

501 – Definitions.

§ 501. Definitions. For purposes of this article: (a) “Certificate” or “certificate of insurance” means any document or instrument, or addendum thereto no matter how titled or described, prepared or issued by an insurer or insurance producer as evidence of property/casualty insurance coverage. “Certificate” or “certificate of insurance” shall not include a policy of insurance […]

502 – Prohibitions.

§ 502. Prohibitions. In this state: (a) With respect to a certificate of insurance evidencing that a policy provides personal injury liability insurance or property damage liability insurance, as defined in paragraphs thirteen and fourteen of subsection (a) of section one thousand one hundred thirteen of this chapter, no person or governmental entity shall wilfully […]

503 – Enforcement.

§ 503. Enforcement. If the superintendent finds, after notice and hearing, that any person, other than a governmental entity, has wilfully violated this article, then the superintendent may order the person to pay to the people of this state a penalty in a sum of one thousand dollars for the first violation and two thousand […]

504 – Rules and Regulations.

§ 504. Rules and regulations. The superintendent may adopt rules or regulations as the superintendent considers appropriate to carry out the provisions of this article.