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Knowledge of Insurance Law 3420 is crucial to handling of liability claims in New York.  The Statute's provisions impact a diverse array of liability policies and types of claims.  The statute includes provisions as diverse as calling for certain minimum coverage for Auto Policies to creating workers compensation type of coverage in Homeowner’s policies for the insured’s household employees.  The Statute also contains New York's statutory notice prejudice rule, sets forth the timing for denials of coverage for certain policies and types of claims and creates the right of Plaintiffs to direct actions against Defendants'Insurers.