Insurance to be carried by authority
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Sep 15, 2021
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
During construction period, authority will continue to carry forms of insurance referred to under Subpart 1630-2, the Preconstruction Period, to extent that they apply.
All forms of public liability insurance required during preconstruction period, as outlined under subdivision (b) of section 1630-2.1, will be continued during construction period. Where coverage has not been previously obtained, authority shall obtain elevator liability insurance in limits of at least $100/300,000 for bodily injury.
All forms of fire and extended coverage insurance outlined under subdivision (f) of section 1630-2.1 shall be continued during construction period, covering both property on project site as well as materials stored off project site.
Before construction commences, fidelity bond referred to in subdivision (d) of section 1630-2.1 should be endorsed to the increased amounts of coverage on various positions to comply with table of positions and amounts called for during construction period.
Other forms of liability insurance as called for in Subpart 1630-2 will be continued during construction period.
Such bid and performance bonds as may be required of any contractor shall be posted in accordance with his contract requirements.