§ 6401 Definitions
§ 6402 Organization; Financial Requirements
§ 6403 Management and Powers of Title Insurance Corporation
§ 6404 Assets; Title Plant; Valuation
§ 6405 Reserves
§ 6406 Investments; Exception
§ 6407 Restrictions On Dividends
§ 6408 Prohibition On Engaging in Certain Business Activities
§ 6409 Filing of Policy Forms; Rates; Classification of Risks; Commissions and Rebates Prohibited
§ 6410 Merger
§ 6411 Merger of Parent Corporation and Wholly-Owned Subsidiary

Terms Used In New York Laws > Insurance > Article 64

  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • Amortization: Paying off a loan by regular installments.
  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Legal tender: coins, dollar bills, or other currency issued by a government as official money. Source: U.S. Mint
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • 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.
  • Personal property: All property that is not real property.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.