Insurance Law 4101 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search up ARTICLE 41 Property/casualty Insurance Companies next SECTION 4102 Powers Viewing most recent revision (from 2025-01-17) View historical revision as of: -- Choose a Date -- 2025-01-17 2024-12-20 2024-10-04 2021-08-06 2021-02-19 2020-04-17 2014-09-22 Share Facebook Email SECTION 4101 Definitions Insurance (ISC) CHAPTER 28, ARTICLE 41 § 4101. Definitions. In this article: (a) "Basic kinds of insurance" means the kinds of insurance described in the following paragraphs of subsection (a) of 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; business interruption insurance (34). (b) "Non-basic kinds of insurance" means the kinds of insurance described in the following paragraphs of subsection (a) of 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); parametric insurance (34).