§ 3442. Credit card, debit card, or checking account group policies.\n(a) For purposes of this section, unless the context requires otherwise:\n (1) "Account group member" means a person:\n (A) to whom a credit card account or debit card account is issued by a\nsponsor or who has agreed with the sponsor to pay obligations arising\nfrom the use of a credit card or debit card issued to another person; or\n (B) who may access by check an account maintained by the sponsor.\n (2) "Account group policy" means a group policy, including\ncertificates issued to the group members, where the group policyholders,\nand each additional group policyholder, if any, is:\n (A) a sponsor and the policy's group members are its account group\nmembers or other authorized users of the account group member's payment\nmedium; or\n (B) an interchange organization, or the trustee or trustees of a trust\nestablished, or participated in, by one or more interchange\norganizations or one or more sponsors who are members of the interchange\norganization, where the policy's group members are the authorized users\nof the payment medium administered by the interchange organization or by\nits member sponsors.\n (3) "Authorized user" means a group member or any other person\ndesignated by the group member as an authorized user of the account\ngroup member's payment medium.\n (4) "Beneficiary" means an authorized user of a payment medium or any\nother person who is a recipient of the benefits of the payment medium\nwho is designated as an additional insured under an account group\npolicy.\n (5) "Certificate" or "certificate of insurance" means any policy,\ncontract, or other evidence of insurance, or rider or endorsement\nthereto, issued to a group member under an account group policy.\n (6) "Check" means a check, draft, credit union share draft, negotiable\norder of withdrawal, or other written, electronic or telephonic order\nbut does not include a traveler's check.\n (7) "Commercial creditor" means a corporation, partnership,\nassociation or other organization that, as part of its vocation, extends\ncredit by making loans, issuing credit cards, or otherwise, including:\n (A) a bank, trust company, savings bank, savings and loan association,\nor credit union, as those terms are defined in section two of the\nbanking law;\n (B) a national bank, federal savings bank, federal savings and loan\nassociation, or federal credit union, as those terms are defined in\ntitle twelve of the United States Code;\n (C) a foreign banking corporation licensed to maintain a branch or\nagency in New York under article five of the banking law or title twelve\nof the United States Code;\n (D) a creditor, as defined in section one thousand six hundred two of\ntitle fifteen of the United States Code;\n (E) an issuer of a credit card, within the meaning of article\ntwenty-nine-A of the general business law;\n (F) a transmitter of money, within the meaning of article thirteen-A\nof the banking law; or\n (G) a retailer.\n (8) "Conditional renewal" means change of limits, change in type of\ncoverage, reduction or elimination of coverage, increased deductible or\naddition of exclusion, or increased premiums in excess of ten percent\n(exclusive of any premium increase generated as a result of increased\nexposure units or as a result of experience rating, loss rating,\nretrospective rating, or audit).\n (9) "Credit card" means a payment medium that takes the form of a\ncredit card, credit plate, charge plate, courtesy card, or other\nidentification card or device, issued by a sponsor to an account group\nmember (or a check drawn by an authorized user against the credit card\naccount), which an authorized user may use to obtain a loan, credit, or\ncash advance, or to purchase, hire, rent or lease property or services.\n (10) "Debit card" means a payment medium that takes the form of a\ncard, plate, or other identification card or device, issued by an issuer\nto an account
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