New York § 3433 - 3433Termination of contracts or accounts of licensed agents or brokers; prohibition; geographical location
Full text of New York New York Consolidated Laws § 3433 — 3433Termination of contracts or accounts of licensed agents or brokers; prohibition; geographical location, with citation guidance and answers to common questions.
§ 3433. 3433Termination of contracts or accounts of licensed agents or brokers; prohibition; geographical location
§ 3433. Termination of contracts or accounts of licensed agents or brokers; prohibition; geographical location. (a) No insurer shall terminate or refuse to renew a contract or account of a licensed agent or broker who negotiated policies of: (1) fire insurance or fire and extended coverage insurance or (2) automobile insurance subject to section three thousand four hundred twenty-five of this article when such termination or refusal to renew is based solely on the geographical location of the agent or broker or of the risks for which coverage is afforded through such agent or broker. (b) The superintendent shall by regulation establish procedures requiring notification to such agents or brokers of the insurer's specific reason or reasons for termination or refusal to renew the agent's or broker's contract or account.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 3433
What does New York Consolidated Laws § 3433 cover?
Section 3433 ("3433Termination of contracts or accounts of licensed agents or brokers; prohibition; geographical location") 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 § 3433?
A common citation format is "New York Consolidated Laws § 3433" (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 § 3433 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.