N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1630-1.2

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

Section 1630-1.2 - Review of insurance requirements

(a) Authority shall confer with division immediately after making loan contract, to consider its insurance requirements, and to amplify requirements of this Part of the Subchapter if particular project so requires. In event authority believes that insurance coverages, in addition to those specified in this Subchapter, are necessary for proper protection of authority or project, division will review such additional coverages with authority and such additional coverages may be carried, if approved by division.

(b) Division is prepared to advise authority on any of its insurance problems. Lower rates have been obtained from rating authorities for a number of forms of coverages required by public housing developments, and division will assist authority in obtaining favorable rate treatment in every possible way.