State Codes and Statutes

Statutes > New-york > Isc > Article-21 > 2121

§  2121.  Broker  authorized to receive premium, when. (a) Any insurer  which delivers in this state to any  insurance  broker  or  any  insured  represented  by  such  broker  a  contract  of insurance pursuant to the  application or request of such broker, acting for an insured other  than  himself,  shall  be  deemed to have authorized such broker to receive on  its behalf payment of any premium which is due on such contract  at  the  time  of  its issuance or delivery or payment of any installment of such  premium  or  any  additional  premium  which  becomes  due  or   payable  thereafter  on  such contract, provided such payment is received by such  broker within ninety  days  after  the  due  date  of  such  premium  or  installment  thereof or after the date of delivery of a statement by the  insurer of such additional premium.    (b) An agent who represents an insured for the  purpose  of  obtaining  insurance  pursuant  to  any  plan  authorized  by articles fifty-three,  fifty-four and fifty-five of this chapter shall be deemed to be a broker  for the purposes of this section.

State Codes and Statutes

Statutes > New-york > Isc > Article-21 > 2121

§  2121.  Broker  authorized to receive premium, when. (a) Any insurer  which delivers in this state to any  insurance  broker  or  any  insured  represented  by  such  broker  a  contract  of insurance pursuant to the  application or request of such broker, acting for an insured other  than  himself,  shall  be  deemed to have authorized such broker to receive on  its behalf payment of any premium which is due on such contract  at  the  time  of  its issuance or delivery or payment of any installment of such  premium  or  any  additional  premium  which  becomes  due  or   payable  thereafter  on  such contract, provided such payment is received by such  broker within ninety  days  after  the  due  date  of  such  premium  or  installment  thereof or after the date of delivery of a statement by the  insurer of such additional premium.    (b) An agent who represents an insured for the  purpose  of  obtaining  insurance  pursuant  to  any  plan  authorized  by articles fifty-three,  fifty-four and fifty-five of this chapter shall be deemed to be a broker  for the purposes of this section.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Isc > Article-21 > 2121

§  2121.  Broker  authorized to receive premium, when. (a) Any insurer  which delivers in this state to any  insurance  broker  or  any  insured  represented  by  such  broker  a  contract  of insurance pursuant to the  application or request of such broker, acting for an insured other  than  himself,  shall  be  deemed to have authorized such broker to receive on  its behalf payment of any premium which is due on such contract  at  the  time  of  its issuance or delivery or payment of any installment of such  premium  or  any  additional  premium  which  becomes  due  or   payable  thereafter  on  such contract, provided such payment is received by such  broker within ninety  days  after  the  due  date  of  such  premium  or  installment  thereof or after the date of delivery of a statement by the  insurer of such additional premium.    (b) An agent who represents an insured for the  purpose  of  obtaining  insurance  pursuant  to  any  plan  authorized  by articles fifty-three,  fifty-four and fifty-five of this chapter shall be deemed to be a broker  for the purposes of this section.