State Codes and Statutes

Statutes > New-york > Isc > Article-31 > 3107

§  3107.  Sale  of  insurance  policies  by  vending  machine. (a) Any  provision in a policy of accident insurance, requiring the signature  of  the insured, where such insurance is sold by a vending machine, shall be  inoperative  and  of  no  effect, unless a notice shall have been placed  upon such vending machine, containing letters  each  at  least  one-half  inch  high,  advising  that  the signature of the insured must be placed  upon such policy or contract, at time of purchase, to make  such  policy  or contract valid.    (b)  No insurance shall be offered for sale, issued or sold by or from  any vending machine or appliance or any other medium, device  or  object  designed or used for vending purposes, herein called a device, except as  provided in this section.    (c)  A  licensed agent may solicit applications for and issue policies  of accident insurance or baggage insurance on personal effects by  means  of mechanical vending machines or other coin operated devices supervised  by  him  and  placed  at  airports, railroad stations or bus stations or  other places to meet the convenience  of  the  public,  subject  to  the  provisions of this section.    (d)  Each  policy  to  be sold by or from a device shall be reasonably  suited for sale and issuance through such a device, and the location  of  such device shall be one that is of material convenience to the public.    (e)  No  policy  of insurance, issued through any such device shall be  for a period of time longer than ten days, or  for  the  duration  of  a  one-way or round trip, as applicable.

State Codes and Statutes

Statutes > New-york > Isc > Article-31 > 3107

§  3107.  Sale  of  insurance  policies  by  vending  machine. (a) Any  provision in a policy of accident insurance, requiring the signature  of  the insured, where such insurance is sold by a vending machine, shall be  inoperative  and  of  no  effect, unless a notice shall have been placed  upon such vending machine, containing letters  each  at  least  one-half  inch  high,  advising  that  the signature of the insured must be placed  upon such policy or contract, at time of purchase, to make  such  policy  or contract valid.    (b)  No insurance shall be offered for sale, issued or sold by or from  any vending machine or appliance or any other medium, device  or  object  designed or used for vending purposes, herein called a device, except as  provided in this section.    (c)  A  licensed agent may solicit applications for and issue policies  of accident insurance or baggage insurance on personal effects by  means  of mechanical vending machines or other coin operated devices supervised  by  him  and  placed  at  airports, railroad stations or bus stations or  other places to meet the convenience  of  the  public,  subject  to  the  provisions of this section.    (d)  Each  policy  to  be sold by or from a device shall be reasonably  suited for sale and issuance through such a device, and the location  of  such device shall be one that is of material convenience to the public.    (e)  No  policy  of insurance, issued through any such device shall be  for a period of time longer than ten days, or  for  the  duration  of  a  one-way or round trip, as applicable.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Isc > Article-31 > 3107

§  3107.  Sale  of  insurance  policies  by  vending  machine. (a) Any  provision in a policy of accident insurance, requiring the signature  of  the insured, where such insurance is sold by a vending machine, shall be  inoperative  and  of  no  effect, unless a notice shall have been placed  upon such vending machine, containing letters  each  at  least  one-half  inch  high,  advising  that  the signature of the insured must be placed  upon such policy or contract, at time of purchase, to make  such  policy  or contract valid.    (b)  No insurance shall be offered for sale, issued or sold by or from  any vending machine or appliance or any other medium, device  or  object  designed or used for vending purposes, herein called a device, except as  provided in this section.    (c)  A  licensed agent may solicit applications for and issue policies  of accident insurance or baggage insurance on personal effects by  means  of mechanical vending machines or other coin operated devices supervised  by  him  and  placed  at  airports, railroad stations or bus stations or  other places to meet the convenience  of  the  public,  subject  to  the  provisions of this section.    (d)  Each  policy  to  be sold by or from a device shall be reasonably  suited for sale and issuance through such a device, and the location  of  such device shall be one that is of material convenience to the public.    (e)  No  policy  of insurance, issued through any such device shall be  for a period of time longer than ten days, or  for  the  duration  of  a  one-way or round trip, as applicable.