3410 - Fire Insurance Contract; Payment of Liens on Proceeds; Certain Cases.

NY Ins L § 3410 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(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.