New York § 501 - 501Definitions
Full text of New York New York Consolidated Laws § 501 — 501Definitions, with citation guidance and answers to common questions.
§ 501. 501Definitions
§ 501. Definitions. For purposes of this article: (a) "Certificate" or "certificate of insurance" means any document or instrument, or addendum thereto no matter how titled or described, prepared or issued by an insurer or insurance producer as evidence of property/casualty insurance coverage. "Certificate" or "certificate of insurance" shall not include a policy of insurance or an insurance binder. (b) "Certificate holder" means any person, other than a policyholder, that is identified on the certificate as a certificate holder. (c) "Insurance producer" has the meaning ascribed to it by subsection (k) of section two thousand one hundred one of this chapter. (d) "Insurer" means any person "doing an insurance business" within the meaning of this chapter. (e) "Person" means any individual, partnership, corporation, association, or other entity, but shall not include any governmental entity, or any agency, board, bureau, commission, department, division, institution, office, or public authority of a state, federal or foreign government. (f) "Governmental entity" means any public entity as defined in paragraph fifty-one of subsection (a) of section one hundred seven of this chapter, any state authority as defined in subdivision one of section two of the public authorities law, any local authority as defined in subdivision two of section two of the public authorities law, and any interstate or international authority as defined in subdivision three of section two of the public authorities law and any individual acting in his or her capacity as an employee, officer, or elected official of any such governmental entity. (g) "Policyholder" means a person who has contracted with an insurer for property/casualty insurance coverage. (h) "Property/casualty insurance" means a kind of insurance that is either a basic kind of insurance or a non-basic kind of insurance, as such terms are defined in section four thousand one hundred one of this chapter, but shall not include a kind of insurance specified under paragraph three or thirty-one of subsection (a) of section one thousand one hundred thirteen of this chapter.
Frequently Asked Questions About New York § 501
What does New York Consolidated Laws § 501 cover?
Section 501 ("501Definitions") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 501?
A common citation format is "New York Consolidated Laws § 501" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 501 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.