N.Y. Comp. Codes R. & Regs. Tit. 3 § 401.9 - Insurance
(a) Whenever a
licensee requires or provides insurance, it shall furnish to the borrower a
standard policy or certificate of insurance at the time the loan is granted or
within 30 days thereafter, and shall retain on file in its office a specimen
copy of such policy or certificate.
(b) Each licensee shall maintain, at a
designated licensed location of the licensee or of any affiliate, a specimen
copy of any master or blanket policy used in connection with such insurance
coverage.
Notes
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