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What is NYC AC § 11-901?

Quick Answer

This section provides definitions for various terms used within the chapter, including 'alien insurer,' 'foreign insurer,' and 'fire insurance corporation.' The definitions clarify the roles of city officials and departments, such as the Commissioner of Finance and the Fire Commissioner. Applies to entities involved in insurance and finance within New York City.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 11-901 Definitions.

AC § 11-901

Wherever used in this chapter, the following words and phrases shall mean and include: "Alien insurer." Any insurer incorporated or organized under the laws of any foreign nation, or of any province or territory not included under the definition of a foreign insurer. "Foreign insurer." Any insurer, except a mutual insurance company taxed under the provisions of section nine thousand one hundred five of the insurance law, incorporated or organized under the laws of any state, as herein defined, other than this state. "Fire insurance corporation, association or individuals." Any insurer, regardless of the name, designation or authority under which it purports to act, which insures property of any kind or nature against loss or damage by fire. "Loss or damage by fire." Loss or damage by fire, lightning, smoke or anything used to combat fire, regardless of whether such risks or the premiums therefor are stated or charged separately and apart from any other risk or premium. "State." Any state of the United States and the District of Columbia. "Commissioner of finance." The commissioner of finance of the city or any other officer of the city designated to perform the same functions. "Department of finance." The department of finance of the city or any other agency or department designated to perform the same functions. "Fire commissioner." The fire commissioner of the city. "Comptroller." The comptroller of the city. "Tax appeals tribunal." The tax appeals tribunal established by section one hundred sixty-eight of the charter.

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