State Codes and Statutes

Statutes > New-york > Isc > Article-34 > 3410

§ 3410. Fire insurance contract; payment of liens on proceeds; certain  cases. (a) Every fire insurance policy insuring the interest of an owner  pursuant  to  this  article shall include a statement that, prior to the  payment of any proceeds thereunder otherwise payable to the insured  for  damages  resulting  to  the premises from a loss occasioned by fire, the  insurer will deduct and pay the claim of any tax district which  renders  a  certificate  of  lien  pursuant  to  the  provisions of section three  hundred thirty-one of this chapter.    (b) Such statement shall further relate that upon the payment of  such  claim the insurer shall, to the extent of such payment, be released from  any  obligation  to  pay the same to the insured and that the payment of  any such claim within thirty days of  receipt  by  the  insurer  of  the  certificate  of  lien  shall,  as  between  the insured and the insurer,  operate as a conclusive  presumption  that  such  claim  was  valid  and  properly paid.

State Codes and Statutes

Statutes > New-york > Isc > Article-34 > 3410

§ 3410. Fire insurance contract; payment of liens on proceeds; certain  cases. (a) Every fire insurance policy insuring the interest of an owner  pursuant  to  this  article shall include a statement that, prior to the  payment of any proceeds thereunder otherwise payable to the insured  for  damages  resulting  to  the premises from a loss occasioned by fire, the  insurer will deduct and pay the claim of any tax district which  renders  a  certificate  of  lien  pursuant  to  the  provisions of section three  hundred thirty-one of this chapter.    (b) Such statement shall further relate that upon the payment of  such  claim the insurer shall, to the extent of such payment, be released from  any  obligation  to  pay the same to the insured and that the payment of  any such claim within thirty days of  receipt  by  the  insurer  of  the  certificate  of  lien  shall,  as  between  the insured and the insurer,  operate as a conclusive  presumption  that  such  claim  was  valid  and  properly paid.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Isc > Article-34 > 3410

§ 3410. Fire insurance contract; payment of liens on proceeds; certain  cases. (a) Every fire insurance policy insuring the interest of an owner  pursuant  to  this  article shall include a statement that, prior to the  payment of any proceeds thereunder otherwise payable to the insured  for  damages  resulting  to  the premises from a loss occasioned by fire, the  insurer will deduct and pay the claim of any tax district which  renders  a  certificate  of  lien  pursuant  to  the  provisions of section three  hundred thirty-one of this chapter.    (b) Such statement shall further relate that upon the payment of  such  claim the insurer shall, to the extent of such payment, be released from  any  obligation  to  pay the same to the insured and that the payment of  any such claim within thirty days of  receipt  by  the  insurer  of  the  certificate  of  lien  shall,  as  between  the insured and the insurer,  operate as a conclusive  presumption  that  such  claim  was  valid  and  properly paid.