New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter III - Policy and Certificate Provisions
Subchapter B - Property and Casualty Insurance
Part 62 - FIRE INSURANCE
Subpart 62-2 - REPORTS TO CENTRAL ORGANIZATION
Section 62-2.0 - Introduction

The purpose of this Subpart is to implement the provisions of section 318 of the Insurance Law, which requires insurers to report fire losses to a central organization engaged in property loss registration in order to prevent payment of fraudulent claims arising under insurance policies providing coverage against the peril of fire. Requirements shall include: reporting of data on fire losses in excess of $1,000 to a central organization engaged in property loss registration, as designated by the superintendent; verification procedures to be applied by insurers prior to the payment of fire losses; notification by insurers to law enforcement agencies when the insurer is of the opinion that the fire was caused by other than accidental means; and cooperation with tax districts and agencies responsible for demolition of structures and seeking to claim proceeds of fire insurance coverage to satisfy tax liens and demolition charges.