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Statutes » New York » ISC Law » Article 21

N.Y. ISC Law § 2121

This is the official text of N.Y. ISC Law § 2121, part of New York’s ISC Law — part of the compiled statutory law of New York, published by the state as "ISC Law." Browse the sections below, each linked to its official government source.

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Broker authorized to receive premium, when

Official statutory text

§ 2121. Broker authorized to receive premium, when. (a) Any insurer\nwhich delivers in this state to any insurance broker or any insured\nrepresented by such broker a contract of insurance pursuant to the\napplication or request of such broker, acting for an insured other than\nhimself, shall be deemed to have authorized such broker to receive on\nits behalf payment of any premium which is due on such contract at the\ntime of its issuance or delivery or payment of any installment of such\npremium or any additional premium which becomes due or payable\nthereafter on such contract, provided such payment is received by such\nbroker within ninety days after the due date of such premium or\ninstallment thereof or after the date of delivery of a statement by the\ninsurer of such additional premium.\n (b) An agent who represents an insured for the purpose of obtaining\ninsurance pursuant to any plan authorized by articles fifty-three,\nfifty-four and fifty-five of this chapter shall be deemed to be a broker\nfor the purposes of this section.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.