N.Y.
Insurance Law Section 4101
Definitions
(a)
“Basic kinds of insurance” means the kinds of insurance described in the following paragraphs of subsection (a) of § 1113 (Kinds of insurance authorized)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 § 1113 (Kinds of insurance authorized)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).
Source:
Section 4101 — Definitions, https://www.nysenate.gov/legislation/laws/ISC/4101 (updated Aug. 6, 2021; accessed Apr. 27, 2024).
