New York Insurance Code § 2340

Credit property insurance
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§ 2340. Credit property insurance. (a) The superintendent may\npromulgate regulations covering the business of credit property\ninsurance.\n  (b) "Credit property insurance" means insurance against loss of or\ndamage to personal property covering a creditor's security interest in\nsuch property when insurance is written as a part of a credit\ntransaction.\n

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