SDV Insights

New York High Court: "Issued or Delivered" Includes Policies Insuring Risks in New York


On November 20th, the New York Court of Appeals expansively interpreted the language of New York Insurance Law § 3420 by holding that the statute, which applies to policies “issued or delivered” in New York, extends to policies insuring risks in New York, not just policies that originated from or were actually handed over to the insured in the state.  This case affords policyholders and injured parties the protection intended by the statute, which was enacted to protect tort victims in New York.

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