§ 5101 Title
§ 5102 Definitions
§ 5103 Entitlement to First Party Benefits; Additional Financial Security Required
§ 5104 Causes of Action for Personal Injury
§ 5105 Settlement Between Insurers
§ 5106 Fair Claims Settlement
§ 5107 Coverage for Non-Resident Motorists
§ 5108 Limit On Charges by Providers of Health Services
§ 5109 Unauthorized Providers of Health Services

Terms Used In New York Laws > Insurance > Article 51 - Comprehensive Motor Vehicle Insurance Reparations

  • Amortization: Paying off a loan by regular installments.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Arrest: Taking physical custody of a person by lawful authority.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Felony: A crime carrying a penalty of more than a year in prison.
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.