§ 3454. Sponsored group personal insurance. (a) For purposes of this\nsection, the following definitions shall apply:\n (1) "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 a group policy.\n (2) "Conditional renewal" means any change of limits, change in type\nof coverage, reduction or elimination of coverage, increased deductible\nor addition of exclusion, or increased premiums in excess of ten percent\n(exclusive of any premium increase generated as a result of experience\nrating, loss rating or retrospective rating).\n (3) "Personal excess insurance" means insurance as defined in\nparagraph thirteen or fourteen of subsection (a) of section one thousand\none hundred thirteen of this chapter, written as an excess insurance\npolicy.\n (4) "Personal property floater insurance" means insurance as defined\nin subparagraph (C) of paragraph seven of subsection (a) of section one\nthousand one hundred thirteen of this chapter.\n (5) "Group policy" means a group insurance policy providing personal\nexcess insurance, personal property floater insurance, renters'\ninsurance, and vintage vehicle insurance, or any combination thereof,\ninsuring sponsor group members.\n (6) "Group policyholder" means a sponsor.\n (7) "Renters' insurance" means insurance insuring residential property\ntenants, housing cooperative shareholders, or condominium owners against\nthe contingencies described in subparagraphs (A), (B) and (C), or (B)\nand (C) of paragraph two of subsection (a) of section three thousand\nfour hundred twenty-five of this article.\n (8) "Vintage vehicle insurance" means insurance insuring against\nlosses or liabilities arising out of the ownership, operation, or use of\na motor vehicle, and covering a motor vehicle that is antique, classic,\nor made from a kit. For the purposes of this paragraph:\n (A) an "antique" motor vehicle means a private passenger motor vehicle\nthat is at least twenty-five years old, and is maintained primarily for\nuse in exhibitions, club activities, parades, or other functions of\npublic interest, and occasionally used for other purposes; and\n (B) a "classic" motor vehicle is a private passenger motor vehicle\nthat is at least ten years old, may be used on a regular basis, and the\nmotor vehicle's value is significantly higher than the average value of\nother motor vehicles of the same make and model year.\n (9) "Sponsor" means:\n (A) an association, organization, labor union, federation, fraternity,\nclub or similar entity:\n (i) in which the members are engaged in a common pursuit or\nenterprise;\n (ii) that was formed for purposes other than obtaining insurance;\n (iii) that has been in existence for more than three years;\n (iv) that has twenty-five or more members; and\n (v) that has adopted by-laws or similar governance rules, and a method\nto enroll or register members; or\n (B) a bank, corporation, partnership, trust company, or trustee of a\ntrust that owns twenty-five or more residential properties or living\nunits or a tenants' association, condominium association, or similar\norganization, with respect to renters' insurance sold to lessees or\noccupants of residential properties or living units owned by the bank,\ncorporation, partnership or trust, or who are members of the tenants'\nassociation, condominium association, or similar organization.\n (10) "Sponsor group member" means:\n (A) an enrolled member, officer, or director of a sponsor;\n (B) any domestic partner of the enrolled member, officer, or director;\n (C) any person related to the enrolled member, officer, or director by\nblood, marriage, adoption, or operation of law, who resides in the same\nhousehold (including a ward or foster child) or who is a dependent child\naway at school; or\n (D) a lessee or occupant of a residential property or living unit\nowned by a bank, corporation, partner
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