N.Y. Insurance Law § 3410: Fire insurance contract; payment of liens on proceeds; certain cases

§ 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.