N.Y. Insurance Law § 6401: Definitions

§ 6401. Definitions. In this article, the following definitions apply

except as otherwise specified:

(a) "Title insurance corporation" means a corporation exercising any

of the powers described in paragraph one or two of subsection (b) of

section six thousand four hundred three of this article.

(b) "Title insurance policy" means any policy or contract insuring or

guaranteeing the owners of real property and chattels real and other

persons interested therein, or having liens thereon, against loss by

reason of encumbrances thereon and defective titles.