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The Laws of New York
Consolidated Laws of New York
CHAPTER 2
Banking
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ARTICLE 12-A
Mutual Trust Investment Companies
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CHAPTER 2
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ARTICLE 12-C
Budget Planners
This entry was published on 2023-10-27
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ARTICLE 12-B
Insurance Premium Finance Agencies
Banking (BNK) CHAPTER 2
SECTION 554
Definitions
SECTION 555
License
SECTION 555-A
Changes in control
SECTION 556
Action by superintendent on application
SECTION 557
License provisions and posting
SECTION 558
Change of location
SECTION 559
Grounds for revocation of license; procedure
SECTION 560
Investigations and examinations
SECTION 561
Regulations and rulings
SECTION 563
Violations and penalties
SECTION 565
Licensee's books and records; reports
SECTION 566
Insurance agents and brokers; acquisition by premium finance agencies of premium finance agreements
SECTION 567
Form and content of premium finance agreements
SECTION 568
Limitation on service and other charges
SECTION 569
Delinquency, collection and cancellation charges; attorney's fees
SECTION 570
Restrictions on premium finance agreements
SECTION 571
Delivery of copy of premium finance agreement
SECTION 572
Notice of assignment; payments
SECTION 573
Statement of account; receipts
SECTION 574
Credit upon anticipation of payments
SECTION 575
Refinancing
SECTION 576
Cancellation of insurance contract upon default
SECTION 577
Interpretation of article
SECTION 577-A
Premium finance agreements
SECTION 578
Severability
SECTION 578-A
Electronic notes and documents
ARTICLE XII-B

INSURANCE PREMIUM FINANCE AGENCIES
Section 554. Definitions.

555. License.

555-a. Changes in control.

556. Action by superintendent on application.

557. License provisions and posting.

558. Change of location.

559. Grounds for revocation of license; procedure.

560. Investigations and examinations.

561. Regulations and rulings.

563. Violations and penalties.

565. Licensee's books and records; reports.

566. Insurance agents and brokers; acquisition by premium

finance agencies of premium finance agreements.

567. Form and content of premium finance agreements.

568. Limitation on service and other charges.

569. Delinquency, collection and cancellation charges;

attorney's fees.

570. Restrictions on premium finance agreements.

571. Delivery of copy of premium finance agreement.

572. Notice of assignment; payments.

573. Statement of account; receipts.

574. Credit upon anticipation of payments.

575. Refinancing.

576. Cancellation of insurance contract upon default.

577. Interpretation of article.

577-a. Premium finance agreements.

578. Severability.

578-a. Electronic notes and documents.