Insurance Law 3410 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 3409 Distribution of hazardous material report forms up ARTICLE 34 Insurance Contracts-property/casualty next SECTION 3411 Automobile physical damage insurance covering private passenger automobiles; standard provisions; required inspections; duties of insurer... Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 3410 Fire insurance contract; payment of liens on proceeds; certain cases Insurance (ISC) CHAPTER 28, ARTICLE 34 § 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.