§ 420 Definitions
§ 420-A State savings and loan insurance fund
§ 420-B Purposes of the fund
§ 420-C General powers of the fund
§ 420-D Capital stock; advance premiums; other fiscal provisions
§ 420-E Exemption from taxation
§ 420-F Use of fund name prohibited; penalties for violation
§ 420-G Insurance of accounts and eligibility provisions
§ 420-H Premiums on insurance
§ 420-I Payment of insurance
§ 420-J Liquidation of insured savings and loan associations
§ 420-K Termination of insurance
§ 420-L Savings and loan bank eligible as fiscal agent

Terms Used In New York Laws > Banking > Article 10-A - State Savings and Loan Insurance Fund

  • Advanced emergency medical technician: means an emergency medical technician who has satisfactorily completed an advanced course of training approved by the state council under regulations pursuant to section three thousand two of this article. See N.Y. Public Health Law 3001
  • Advanced life support care: means definitive acute medical care provided, under medical control, by advanced emergency medical technicians within an advanced life support system. See N.Y. Public Health Law 3001
  • Advanced life support first response service: means an organization which provides advanced life support care, but does not transport patients. See N.Y. Public Health Law 3001
  • Advanced life support system: means an organized acute medical care system to provide advanced life support care on site or en route to, from, or between general hospitals or other health care facilities. See N.Y. Public Health Law 3001
  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Aeromedical transport: means prehospital transport or interfacility transfer conducted in rotary wing or fixed wing aircraft. See N.Y. Public Health Law 3062
  • Ambulance service: means an individual, partnership, association, corporation, municipality or any legal or public entity or subdivision thereof engaged in providing emergency medical care and the transportation of sick or injured persons by motor vehicle, aircraft or other forms of transportation to, from, or between general hospitals or other health care facilities. See N.Y. Public Health Law 3001
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Cell-free system: means an environment outside of any cell or cellular organism. See N.Y. Public Health Law 3221
  • Certified first responder: means an individual who meets the minimum requirements established by regulations pursuant to section three thousand two of this article and who is responsible for administration of initial life saving care of sick and injured persons. See N.Y. Public Health Law 3001
  • Child care institution: shall mean any facility serving thirteen or more children licensed by the department of social services pursuant to title one of Article 7 of the social services law operated by an authorized agency, or a residential treatment facility for children and youth, whether or not such residential treatment facility is operated by an authorized agency, except that Blythedale Children's Hospital shall be a child care institution. See N.Y. Education Law 4001
  • Child with a handicapping condition: shall mean a person between the ages of five and twenty-one who has been identified through appropriate evaluation and assessment as having a disability arising from cognitive, emotional or physical factors, or any combination thereof, which interferes with the child's ability to benefit from regular education. See N.Y. Education Law 4001
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Critically ill or injured: means at high risk of dying from illnesses or injuries. See N.Y. Public Health Law 3062
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Default: means an adjudication or other official determination of a court of competent jurisdiction or other public authority pursuant to which a conservator, receiver, or other legal custodian is appointed for an insured institution for the purpose of liquidation. See N.Y. Banking Law 420
  • Disaster preparedness: means the state of readiness necessary to respond to natural or man-made disasters, including but not limited to biologic, nuclear, incendiary, chemical, and explosive disasters. See N.Y. Public Health Law 3062
  • Distant site: means a site at which a telehealth provider is located while delivering health care services by means of telehealth. See N.Y. Public Health Law 2999-CC
  • DNA: means deoxyribonucleic acid. See N.Y. Public Health Law 3221
  • Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. Source: OCC
  • Emergency department: means a hospital department consisting of staff, facilities, and resources to provide emergency medical care for large numbers of emergency patients. See N.Y. Public Health Law 3062
  • Emergency medical care: means the initial management, treatment, and transfer of suddenly ill or injured patients. See N.Y. Public Health Law 3062
  • Emergency medical service: means initial emergency medical assistance including, but not limited to, the treatment of trauma, burns, respiratory, circulatory and obstetrical emergencies. See N.Y. Public Health Law 3001
  • Emergency medical technician: means an individual who meets the minimum requirements established by regulations pursuant to section three thousand two of this article and who is responsible for administration or supervision of initial emergency medical care and transportation of sick or injured persons. See N.Y. Public Health Law 3001
  • Emergency service: means a hospital department consisting of staff, facilities, and resources to provide emergency medical care for small numbers of emergency patients. See N.Y. Public Health Law 3062
  • EMS program agency: means a not-for-profit corporation or municipality designated by the state council and approved by the affected regional council or councils to facilitate the development and operation of an emergency medical services system within a region as directed by the regional council under this article. See N.Y. Public Health Law 3001
  • Enrolled member: means any member of a voluntary ambulance service or voluntary advanced life support first response service who provides emergency medical care or transportation of sick or injured persons without expectation of monetary compensation. See N.Y. Public Health Law 3001
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Fraud: Intentional deception resulting in injury to another.
  • Fund: means the state savings and loan insurance fund created by section four hundred twenty-a of this article. See N.Y. Banking Law 420
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Insured account: means a savings account held by an insured member and which is insured under the provisions of this article. See N.Y. Banking Law 420
  • insured member: means a savings and loan association whose application for membership in the fund has been accepted and approved; and which has made all payments required by this article; and whose membership has not been terminated. See N.Y. Banking Law 420
  • Insured savings and loan association: means an association whose accounts are insured under this article. See N.Y. Banking Law 420
  • Interfacility transfer: means emergency ambulance transport from, to, or between general hospitals or other health care facilities, conducted in accordance with article thirty of this chapter. See N.Y. Public Health Law 3062
  • Interoperability: means the capacity of all emergency medical, trauma care, and disaster preparedness response systems to collaborate and communicate during an emergency, trauma, or disaster response. See N.Y. Public Health Law 3062
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Maintenance: shall mean the amount charged for room and board, residential care and medical expenses, including those expenses reimbursable pursuant to title nineteen of the federal social security act, defined in accordance with the regulations of the commissioner of social services for a child care institution pursuant to § 398-a of the social services law. See N.Y. Education Law 4001
  • Medical control: means : (a) advice and direction provided by a physician or under the direction of a physician to certified first responders, emergency medical technicians or advanced emergency medical technicians who are providing medical care at the scene of an emergency or en route to a health care facility; and (b) indirect medical control including the written policies, procedures, and protocols for prehospital emergency medical care and transportation developed by the state emergency medical advisory committee, approved by the state emergency medical services council and the commissioner, and implemented by regional medical advisory committees. See N.Y. Public Health Law 3001
  • Medical home: means an organized system of medical care for an individual patient that embraces all of the patient's potential medical needs, including primary, secondary, and tertiary health care as well as emergency care. See N.Y. Public Health Law 3073
  • Medical respite program: means a not-for-profit corporation certified pursuant to subdivision two of this section to serve recipients whose prognosis or diagnosis necessitates the receipt of:

    (i) Temporary room and board; and

    (ii) The provision or arrangement of the provision of health care and support services; provided, however, that the operation of a medical respite program shall be separate and distinct from any housing programs offered to individuals who do not qualify as recipients. See N.Y. Public Health Law 2999-HH
  • Mutual aid agreement: means a written agreement, entered into by two or more ambulance services or advanced life support first response services possessing valid ambulance service or advanced life support first response service certificates or statements of registration, for the organized, coordinated, and cooperative reciprocal mobilization of personnel, equipment, services, or facilities for back-up or support upon request as required pursuant to a written mutual aid plan. See N.Y. Public Health Law 3001
  • Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Operator: means any person who by reason of a direct or indirect ownership interest (whether of record or beneficial) has the ability, acting either alone or in concert with others with ownership interests, to direct or cause the direction of the management or policies of an ambulance service or advanced life support first response service. See N.Y. Public Health Law 3001
  • Originating site: means a site at which a patient is located at the time health care services are delivered to him or her by means of telehealth. See N.Y. Public Health Law 2999-CC
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Pediatric care: means medical care provided to neonates, infants, toddlers, preschoolers, school agers, and adolescents. See N.Y. Public Health Law 3073
  • Person: means any individual, corporation, partnership, or legal entity of any kind, or a governmental agency, board or body. See N.Y. Public Health Law 3221
  • Personal property: All property that is not real property.
  • Prehospital transport: means emergency ambulance transport from the scene of a sudden illness or injury requiring emergency medical care or trauma care to a general hospital or other health care facility, conducted in accordance with article thirty of this chapter. See N.Y. Public Health Law 3062
  • Primary territory: means the geographic area or subdivisions listed on an ambulance service certificate or statement of registration within which the ambulance service may receive patients for transport. See N.Y. Public Health Law 3001
  • Probable cause: A reasonable ground for belief that the offender violated a specific law.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Public agency: shall mean the family court, the division for youth or the local social services district. See N.Y. Education Law 4001
  • Qualified medical and health personnel: means physicians, registered professional nurses and advanced emergency medical technicians competent in the management of patients requiring advanced life support care. See N.Y. Public Health Law 3001
  • Quorum: The number of legislators that must be present to do business.
  • Recipient: means an individual who:

    (i) Has a qualifying health condition that requires treatment or care;

    (ii) Does not require hospital inpatient, observation unit, or emergency room level of care, or a medically indicated emergency department or observation visit; and

    (iii) Is experiencing homelessness or at imminent risk of homelessness. See N.Y. Public Health Law 2999-HH
  • Regional council: means a regional emergency medical services council established pursuant to this article. See N.Y. Public Health Law 3001
  • Regional emergency medical advisory committee: means a regional emergency medical advisory committee established by section three thousand four-a of this chapter. See N.Y. Public Health Law 3062
  • Regional emergency medical services council: means a regional emergency medical services council established by section three thousand three of this chapter. See N.Y. Public Health Law 3062
  • Regional medical advisory committee: means a group of five or more physicians, and one or more non-voting individuals representative of each of the following: hospitals, basic life support providers, advanced life support providers and emergency medical services training sponsor medical directors approved by the affected regional emergency medical services councils. See N.Y. Public Health Law 3001
  • Regional trauma advisory committee: means a regional trauma advisory committee continued or established by this article. See N.Y. Public Health Law 3062
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Remand: When an appellate court sends a case back to a lower court for further proceedings.
  • Remote patient monitoring: means the use of synchronous or asynchronous electronic information and communication technologies to collect personal health information and medical data from a patient at an originating site that is transmitted to a telehealth provider at a distant site for use in the treatment and management of medical conditions that require frequent monitoring. See N.Y. Public Health Law 2999-CC
  • Reserves: means the aggregate total of capital, advance premiums, assessments and retained earnings of the fund. See N.Y. Banking Law 420
  • School district of origin: shall mean the public school district of which a child was or is a resident at the time of such child's placement in the care and custody of a public agency. See N.Y. Education Law 4001
  • School district of residence: shall mean the public school district in which the child was or is living at the time a public agency is considering placement of the child in a child care institution, or at the time a child is placed with the division for youth. See N.Y. Education Law 4001
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Special act school district: shall mean those school districts enumerated in chapter five hundred sixty-six of the laws of nineteen hundred sixty-seven as amended. See N.Y. Education Law 4001
  • State council: means the New York state emergency medical services council established pursuant to this article. See N.Y. Public Health Law 3001
  • State emergency medical advisory committee: means the state emergency medical advisory committee established by section three thousand two-a of this chapter. See N.Y. Public Health Law 3062
  • State emergency medical advisory committee: means the state emergency medical advisory committee established under article thirty of this chapter. See N.Y. Public Health Law 3073
  • State emergency medical services council: means the state emergency medical services council established by section three thousand two of this chapter. See N.Y. Public Health Law 3062
  • State emergency medical services council: means the state emergency medical services council established under article thirty of this chapter. See N.Y. Public Health Law 3073
  • State emergency medical services for children advisory committee: means the state emergency medical services for children advisory committee continued under this article. See N.Y. Public Health Law 3073
  • State hospital review and planning council: means the state hospital review and planning council established by section twenty-nine hundred four of this chapter. See N.Y. Public Health Law 3062
  • State trauma advisory committee: means the state trauma advisory committee continued by this article. See N.Y. Public Health Law 3062
  • State trauma advisory committee: means the state trauma advisory committee continued under article thirty-B of this chapter. See N.Y. Public Health Law 3073
  • Statute: A law passed by a legislature.
  • Store and forward technology: means the asynchronous, electronic transmission of a patient's health information in the form of patient-specific digital images and/or pre-recorded videos from a provider at an originating site to a telehealth provider at a distant site. See N.Y. Public Health Law 2999-CC
  • Subpoena: A command to a witness to appear and give testimony.
  • Telehealth: means the use of electronic information and communication technologies by telehealth providers to deliver health care services, which shall include the assessment, diagnosis, consultation, treatment, education, care management and/or self-management of a patient. See N.Y. Public Health Law 2999-CC
  • Telehealth provider: means :

    (a) a physician licensed pursuant to Article one hundred thirty-one of the education law;

    (b) a physician assistant licensed pursuant to Article one hundred thirty-one-B of the education law;

    (c) a dentist licensed pursuant to Article one hundred thirty-three of the education law;

    (d) a nurse practitioner licensed pursuant to Article one hundred thirty-nine of the education law;

    (e) a registered professional nurse licensed pursuant to Article one hundred thirty-nine of the education law only when such nurse is receiving patient-specific health information or medical data at a distant site by means of remote patient monitoring;

    (f) a podiatrist licensed pursuant to Article one hundred forty-one of the education law;

    (g) an optometrist licensed pursuant to Article one hundred forty-three of the education law;

    (h) a psychologist licensed pursuant to Article one hundred fifty-three of the education law;

    (i) a social worker licensed pursuant to Article one hundred fifty-four of the education law;

    (j) a speech language pathologist or audiologist licensed pursuant to Article one hundred fifty-nine of the education law;

    (k) a midwife licensed pursuant to Article one hundred forty of the education law;

    (l) a physical therapist licensed pursuant to Article one hundred thirty-six of the education law;

    (m) an occupational therapist licensed pursuant to Article one hundred fifty-six of the education law;

    (n) a person who is certified as a diabetes educator by the National Certification Board for Diabetes Educators, or a successor national certification board, or provided by such a professional who is affiliated with a program certified by the American Diabetes Association, the American Association of Diabetes Educators, the Indian Health Services, or any other national accreditation organization approved by the federal centers for medicare and medicaid services;

    (o) a person who is certified as an asthma educator by the National Asthma Educator Certification Board, or a successor national certification board;

    (p) a person who is certified as a genetic counselor by the American Board of Genetic Counseling, or a successor national certification board;

    (q) a hospital as defined in article twenty-eight of this chapter, including residential health care facilities serving special needs populations;

    (r) a home care services agency as defined in article thirty-six of this chapter;

    (s) a hospice as defined in article forty of this chapter;

    (t) credentialed alcoholism and substance abuse counselors credentialed by the office of addiction services and supports or by a credentialing entity approved by such office pursuant to § 19. See N.Y. Public Health Law 2999-CC
  • Telemedicine: means the use of synchronous, two-way electronic audio visual communications to deliver clinical health care services, which shall include the assessment, diagnosis, and treatment of a patient, while such patient is at the originating site and a telehealth provider is at a distant site. See N.Y. Public Health Law 2999-CC
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Transport system: means an organized health care and transportation system to provide prehospital transport and interfacility transfer to critically ill or injured patients. See N.Y. Public Health Law 3062
  • Trauma care: means health care provided to patients at high risk of death or disability from multiple and severe injuries. See N.Y. Public Health Law 3062
  • Trauma center: means a facility capable of providing definitive trauma care. See N.Y. Public Health Law 3062
  • Trauma station: means a facility capable of providing sustentative trauma care followed by expeditious transfer to a trauma center. See N.Y. Public Health Law 3062
  • Trauma system: means an organized health care system to provide trauma care in, or en route to, from, or between general hospitals or other health care facilities. See N.Y. Public Health Law 3062
  • Trustee: A person or institution holding and administering property in trust.
  • Tuition: shall mean the per pupil cost of all instructional services, supplies and equipment, and the operation of instructional facilities as determined by the commissioner. See N.Y. Education Law 4001
  • Voluntary advanced life support first response service: means advanced life support first response service (i) operating not for pecuniary profit or financial gain, and (ii) no part of the assets or income of which is distributable to, or enures to the benefit of, its members, directors or officers except to the extent permitted under this article. See N.Y. Public Health Law 3001
  • Voluntary ambulance service: means an ambulance service (i) operating not for pecuniary profit or financial gain, and (ii) no part of the assets or income of which is distributable to, or enures to the benefit of, its members, directors or officers except to the extent permitted under this article. See N.Y. Public Health Law 3001