N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1630-1.6

Current through Register Vol. 46, No. 36, September 4, 2024

Section 1630-1.6 - Renewals-uniform expiration date

(a) The division in consultation with authority, will arrange for a uniform date of expiration for as many of authority's policies as is possible. In order to effect uniform expiration date, after project has entered operating period, division may request authority to obtain extensions in the term of some of the policies, or the rewriting of others for an odd number of months.

(b) Upon renewal of insurance policies, the authority shall obtain bids or quotations in accordance with section 1630-1.1, and these bids or quotations shall be obtained 60 days prior to expiration of such policies.