Index No. 504449/13 07-25-2014 VALLEY FORGE INSURANCE COMPANY FOR ITSELF AND AS SUBROGEE OF GRANITE CONSTRUCTION INC., Plaintiff, v. ALLSTATE INDEMNITY COMPANY, Defendant. HON. DAVID I. SCHMIDT, Justice NYSCEF DOC. NO. 75 At an IAS Term, Part Comm 2 of the Supreme Court of the State of New York, held in and for the County of Kings, at the Courthouse, at 360 Adams Street, Brooklyn, New York, on the 9th day of July, 2014. PRESENT: HON. DAVID I. SCHMIDT, Justice. Upon the foregoing papers, plaintiff
(a)Definitions. (1)Primary security means public liability coverage provided by the insurance or surety company responsible for the first dollar of coverage. (2)Excess security means public liability coverage above the primary security, or above any additional underlying security, up to and including the required minimum limits set forth in paragraph (b)(2) of this section. (b) (1) Motor carriers subject to § 387.301(a)(1) are required to have security for the required minimum limits as follows: