N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1630-1.4

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

Section 1630-1.4 - Required endorsements

(a) Whenever division is mentioned in any insurance policy required hereafter, as an additional insured, it shall be designated as "State of New York, Executive Department, Division of Housing and Community Renewal". Post office address: 2 World Trade Center, New York, New York 10047.

(b) On all policies naming an authority, which also designates division as an additional insured, the following endorsement shall be included:

"It is agreed that the State of New York, Executive Department, Division of Housing and Community Renewal" assumes no liability, and shall not in any event be liable, for the payment of any of the premium as may be stated in the policy or as may be added thereto by endorsement, or earned under the policy or any endorsement."

(c) On all public liability policies, in which division is named as an insured in addition to authority, the following endorsement shall be included:

"It is understood that such insurance as is afforded by this policy applies to each named assured against whom claim is made by an employee of any other named assured."

(d) On any policy written by a mutual company in which division is named as an insured in addition to authority, the following endorsement shall be included:

"It is understood and agreed that any dividend payable to the insured under this policy shall be payable only to (name of authority)."

(e) All policies issued on behalf of authority, whether or not including name of division, and also all policies issued on behalf of any contractor in connection with work performed for any authority, shall bear an endorsement as follows:

"It is understood and agreed that this policy shall not be reduced or cancelled without ten (10) days written notice in advance of the effective date of such reduction or cancellation to the State of New York, Executive Department, Division of Housing and Community Renewal, 2 World Trade Center, New York, New York 10047.

(f) All policies issued to any contractor in connection with work performed for any authority shall contain, in addition to endorsement referred to in subdivision (e), the following statement:

"It is understood and agreed that this policy shall not be reduced or cancelled without ten (10) days written notice in advance of the effective date of such reduction or cancellation to the (name and address of authority)."

N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1630-1.4