§ 4101 — Definitions

New York § 4101

• Jurisdiction: New York
• Law ISC: Insurance
• Art. 41: Property/casualty Insurance Companies

Text

§ 4101. Definitions. In this article: (a) "Basic kinds of insurance"\nmeans the kinds of insurance described in the following paragraphs of\nsubsection (a) of section one thousand one hundred thirteen of this\nchapter numbered therein as set forth in parentheses below:\n fire (4);\n burglary and theft (7);\n glass (8);\n boiler and machinery (9);\n elevator (10);\n animal (11);\n personal injury liability (13);\n property damage liability (14) - basic as to stock companies only;\n workers' compensation and employers' liability (15);\n fidelity and surety (16);\n credit (17);\n marine and inland marine (20);\n marine protection and indemnity (21) - basic as to mutual companies\nonly;\n business interruption insurance (34).\n (b) "Non-basic kinds of insurance" means the kinds of insurance\ndescribed in the following paragraphs of subsection (a) of section one\nthousand one hundred thirteen of this chapter numbered therein as set\nforth in parentheses below:\n accident and health (item (i) of (3));\n non-cancellable disability (item (ii) of (3));\n miscellaneous property (5);\n water damage (6);\n collision (12);\n property damage liability (14) - non-basic as to mutual companies\nonly;\n motor vehicle and aircraft physical damage (19);\n inland marine as specified in marine and inland marine (20);\n marine protection and indemnity (21) - non-basic as to stock companies\nonly;\n residual value (22);\n credit unemployment (24);\n gap (26);\n prize indemnification (27);\n service contract reimbursement (28);\n legal services insurance (29);\n involuntary unemployment insurance (30);\n salary protection insurance (31);\n donor medical expense insurance (32);\n excess business disability insurance (33);\n parametric insurance (34).\n