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This entry was published on 2014-09-22
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Fire insurance contract; payment of liens on proceeds; certain cases
Insurance (ISC) CHAPTER 28, ARTICLE 34
§ 3410. Fire insurance contract; payment of liens on proceeds; certain
cases. (a) Every fire insurance policy insuring the interest of an owner
pursuant to this article shall include a statement that, prior to the
payment of any proceeds thereunder otherwise payable to the insured for
damages resulting to the premises from a loss occasioned by fire, the
insurer will deduct and pay the claim of any tax district which renders
a certificate of lien pursuant to the provisions of section three
hundred thirty-one of this chapter.

(b) Such statement shall further relate that upon the payment of such
claim the insurer shall, to the extent of such payment, be released from
any obligation to pay the same to the insured and that the payment of
any such claim within thirty days of receipt by the insurer of the
certificate of lien shall, as between the insured and the insurer,
operate as a conclusive presumption that such claim was valid and
properly paid.