2 CRR-NY 12.1NY-CRR
2 CRR-NY 12.1
2 CRR-NY 12.1
12.1 Bonds and insurance.
The following rules shall control expenditures for fidelity bonds and insurance:
(a) When fidelity bonds covering a State officer or employee are required by law, the annual premium thereon is a charge against the State. (Public Offices Law, ยง 11.)
(b) It is the general policy of the State not to carry insurance on its buildings and contents. The only recognized form of insurance is bodily injury and property damage on State-owned automobiles, elevator and boiler insurance where inspection is required.
(c) The State carries a group policy with the State Insurance Fund covering insurable employees for workers' compensation insurance.
(d) Purchase orders shall be issued for fidelity bond and insurance premiums and submitted to the Office of General Services for approval before they can be processed for payment in the Comptroller's office.
2 CRR-NY 12.1
Current through August 31, 2022
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.