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New York Codes Rules Regulations (Last Updated: March 27,2024) |
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TITLE 11. Insurance |
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Chapter III. Policy and Certificate Provisions |
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Subchapter B. Property and Casualty Insurance |
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Part 69. Mortgage Pool Insurance |
Sec. 69.2. Substitutions
Latest version.
- (a) For a policy providing mortgage pool insurance issued prior to January 11, 1995, there shall be no additions to or substitutions in a pool of mortgages after one year following the issuance of the policy.(b) For a policy providing mortgage pool insurance issued on or after January 11, 1995, there shall be no additions to or substitutions in a pool of mortgages after two years following the issuance of the policy.