Section 3410. Fire insurance contract; payment of liens on proceeds; certain cases  


Latest version.
  • (a) Every fire insurance policy insuring the interest of an owner  pursuant  to  this  article shall include a statement that, prior to the
      payment of any proceeds thereunder otherwise payable to the insured  for
      damages  resulting  to  the premises from a loss occasioned by fire, the
      insurer will deduct and pay the claim of any tax district which  renders
      a  certificate  of  lien  pursuant  to  the  provisions of section three
      hundred thirty-one of this chapter.
        (b) Such statement shall further relate that upon the payment of  such
      claim the insurer shall, to the extent of such payment, be released from
      any  obligation  to  pay the same to the insured and that the payment of
      any such claim within thirty days of  receipt  by  the  insurer  of  the
      certificate  of  lien  shall,  as  between  the insured and the insurer,
      operate as a conclusive  presumption  that  such  claim  was  valid  and
      properly paid.