Section 331

SECTION 331 of the New York State Insurance Law, requires insurers at the time of a loss to ALL PROPERTY other than a one or two family residential structure, to contact the tax office in each municipality which has indicated its intent to claim proceeds of Fire Insurance policies to the extent of tax liens.

The municipality has twenty (20) days to respond to the request from the insurance company. Failure to serve a Certificate of Lien during that time will terminate the claim of the tax district to any proceeds. The insurance company has ten (10) days after the final determination of its obligations to pay such proceeds, to pay the amount specified in the lien to the collecting officer.

PLEASE NOTE: The claim of the municipality is second only to that of a mortgagee of record.

As of this writing, September 23, 1996, the Tax Districts Filing Notice of Intention to Claim Against Fire Insurance Proceeds are:

Albany, County of	Amsterdam, City of	Buffalo, City of
Cattaraugus County	Chautaugua, County of	Erie, County of
Fleischmanns, Village of	Franklin, County of	Freeport, Village of
Green Island, Village of	Hempstead, Village of	Jamestown, City of
Kenmore, Village of	Kingston, City of	Lewisboro, Town of
Liberty, Village of	Lon Beach, City of	Malone, Village of
Middletown, City of	Monroe, County of	Mount Vernon, City of
New York, City of	New Rochelle, City of	Newburgh, City of
Niagara, County of	Niagara Falls, City of	North Tonawanda, City of
Ogdensburg, City of	Oneida, County of	Oneida, City of
Orange, County of	Orleans, County of	Otsego, County of
Poughkeepsie, City of	Rochester, City of	Rockland, County of
Sand Lake, Town of	Schenectady, City of	Spring Valley, Village of
Suffolk, County of	Sullivan, County of	Syracuse, City of
Troy, City of	Ulster, County of	Utica, City of
Watertown, City of	Wayne, County of	Williamsville, Village of
Wyoming, County of	Yates County	Yonkers, City of

The company must comply with the above rules and regulations. Due to these rules and regulations, Fulmont is delayed occasionally from paying claims as quickly as we would like them paid. With properly completed loss notices we can continue offering better than average claims service to your customers. We hope this section of your manual will be of assistance to you. Please contact our office if you need further assistance or have any comments.