N.Y. Comp. Codes R. & Regs. tit. 19 § 197-1.1

Current through Register Vol. 46, No. 25, June 18, 2024

Section 197-1.1 - Liability coverage

(a) Every applicant and every licensed home inspector shall secure, maintain, and file with the Department of State proof of general liability insurance of at least $150,000 per occurrence and $500,000 in the aggregate.

(b) Every proof of liability coverage shall provide that cancellation or nonrenewal of the policy shall not be effective unless and until at least 10 days' notice of intention to cancel or nonrenew has been received in writing by the Secretary of State.

(c) In addition, every proof of liability coverage shall include the following information:

(1) the name and business address of the insured;

(2) the name, business address and telephone number of insurance company;

(3) the policy number;

(4) the term of the policy; provided, however, that the proof of liability coverage shall provide that the coverage shall not expire until a notice of intention to cancel or non-renewal has been received in writing by the Secretary of State at least 10 days prior to the date of cancellation or non-renewal;

(5) a statement indicating that the policy provides general liability coverage of at least $150,000 per occurrence and $500,000 in the aggregate.

N.Y. Comp. Codes R. & Regs. Tit. 19 § 197-1.1