§ 212-a. Declaratory judgments involving obligations of insurers and
de novo review under part 137 of the rules of the chief administrator of
the courts (22 NYCRR Part 137). The court shall have the jurisdiction
defined in section 3001 of the CPLR to make a declaratory judgment with
respect to:

(a) any controversy involving the obligation of an insurer to
indemnify or defend a defendant in an action in which the amount sought
to be recovered does not exceed $50,000; and

(b) actions commenced by a party aggrieved by an arbitration award
rendered pursuant to part 137 of the rules of the chief administrator in
which the amount in dispute does not exceed $50,000.