N.Y. Comp. Codes R. & Regs. tit. 3 § 401.9

Current through Register Vol. 46, No. 45, November 2, 2024

Section 401.9 - Insurance

(a) Whenever a licensee requires or provides insurance, it shall furnish to the borrower a standard policy or certificate of insurance at the time the loan is granted or within 30 days thereafter, and shall retain on file in its office a specimen copy of such policy or certificate.

(b) Each licensee shall maintain, at a designated licensed location of the licensee or of any affiliate, a specimen copy of any master or blanket policy used in connection with such insurance coverage.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 401.9