N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1630-1.3
Current through Register Vol. 46, No. 36, September 4, 2024
An authority may occasionally find it necessary to obtain immediate insurance coverage. In such cases, wherever possible, coverage should be placed under binder, with a company that has previously been successful in receiving some other item of insurance under bidding procedure. Company issuing binder should be requested to allow coverage to remain in such form without issuing a policy until division can be consulted and approval obtained for permanent coverage.
N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1630-1.3