N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1730-1.1

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

Section 1730-1.1 - General

(a) This Part outlines the insurance requirements of the division with respect to housing companies constructed under the limited profit and limited dividend housing programs. The housing company is responsible for having State-aided housing companies adequately covered at all times by necessary insurance and bonds, in accordance with the requirements set forth herein.

(b) The insurance coverages listed are intended to provide adequate protection against hazards. Exposures that develop, aside from those herein contemplated, shall be treated as they arise. Adequate protection must be maintained at all times.