New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter II - Agents, Brokers And Adjusters
Part 29 - Special Prohibitions
Section 29.3 - Definitions
Current through Register Vol. 46, No. 39, September 25, 2024
The definitions set forth in this section shall govern the construction of the terms used in this Part.
(a) An insurance service shall mean any of the acts specified in sections 2101 (g) and 2102 (b)(3) of the Insurance Law.
(b) Licensee shall mean any individual, firm, association or corporation to whom a license has been issued pursuant to article 21 of the Insurance Law, and any sublicensee thereof.
(c) Insurance coverage shall mean any contract of insurance placed on behalf of a governmental unit in this State to protect the interest of the governmental unit or to insure the employees of a governmental unit against any contingency, or any reinsurance contract relating thereto.
(d) Governmental unit shall mean the State, an agency or department of the State, public authority, public benefit corporation, county, city, town, village, or any subdivision thereof.
(e) Public officer shall mean State officer or local officer as defined in section 2 of the Public Officers Law, except that notaries public and commissioners of deeds shall not be considered public officers.
(f) Party officer shall mean one who holds any party position or any party office by virtue of an election involving voters in more than one election district.
(g) General agent shall mean any agent of an insurer who, pursuant to a written contract, is authorized by such insurer to accept lines of insurance on its behalf from agents and brokers, and who actually does accept lines of insurance on behalf of such insurer from agents and brokers, except that any agent who accepts lines of insurance from agents and brokers relating to coverage of governmental units, which consists of more than 50 percent of the total of the annual premiums written by said agent, shall not be considered a general agent within the meaning of this Part.