New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter XI - Prepaid Legal Services Plans And Legal Services Insurance
Part 262 - Legal Services Insurance
Section 262.5 - Defense of criminal proceedings

Current through Register Vol. 46, No. 12, March 20, 2024

(a) No policy of legal services insurance may provide defense coverage in a criminal proceeding, except as provided in subdivision (b) of this section.


(1) For the purposes of this subdivision, a corporation shall mean a corporation subject to the provisions of Business Corporation Law, section 726, Not-for-Profit Corporation Law, section 726, or Banking Law, section 7023, or a corporation that, if it were a New York corporation, would be subject to one of said sections.

(2) A directors and officers liability insurance policy that provides indemnification for the acts of an officer or director of a corporation, as such term is defined in paragraph (1) of this subdivision, may provide legal services insurance coverage in a criminal proceeding, to the extent permitted by the applicable corporate statute.

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