State Codes and Statutes

Statutes > New-york > Isc > Article-25 > 2504

§  2504.  Designation  of  particular  insurer,  agent  or  broker for  insurance in certain public construction contracts. (a) (1)  No  officer  or  employee  of  this state, or of any public corporation as defined in  section sixty-six of the general construction  law,  or  of  any  public  authority,  and  no person acting or purporting to act on behalf of such  officer, employee, public corporation or public authority,  shall,  with  respect  to  any public building or construction contract which is about  to be, or which has been, competitively bid, require the bidder to  make  application  to any particular insurance company, agent or broker for or  to obtain or procure therefrom, any surety bond or contract of insurance  specified in connection with such contract, or  specified  by  any  law,  general, special or local.    (2)   In  paragraph  one  hereof,  "public  corporation"  and  "public  authority" shall not include:    (A) a public corporation  or  public  authority  created  pursuant  to  agreement or compact with another state, or    (B) the city of New York, a public corporation or public authority, in  connection   with   the   construction   of  electrical  generating  and  transmission facilities or construction,  extensions  and  additions  of  light rail or heavy rail rapid transit and commuter railroads.    (b)  No  such  officer or employee, and no person, firm or corporation  acting or purporting to act on behalf of such officer or employee, shall  negotiate, make application for, obtain or procure any  of  such  surety  bonds  or  contracts  of  insurance  (except  contracts of insurance for  builders risk or owners protective liability) which can be  obtained  or  procured by the bidder, contractor or subcontractor.    (c)  This  section  shall  not,  however, prevent the exercise by such  officer or employee on behalf of the state or such public corporation or  public authority of its right  to  approve  the  form,  sufficiency,  or  manner of execution, of surety bonds or contracts of insurance furnished  by the insurance company selected by the bidder to underwrite such bonds  or  contracts.  Any  provisions in any invitation for bids, or in any of  the contract documents, in conflict herewith are contrary to the  public  policy of this state.

State Codes and Statutes

Statutes > New-york > Isc > Article-25 > 2504

§  2504.  Designation  of  particular  insurer,  agent  or  broker for  insurance in certain public construction contracts. (a) (1)  No  officer  or  employee  of  this state, or of any public corporation as defined in  section sixty-six of the general construction  law,  or  of  any  public  authority,  and  no person acting or purporting to act on behalf of such  officer, employee, public corporation or public authority,  shall,  with  respect  to  any public building or construction contract which is about  to be, or which has been, competitively bid, require the bidder to  make  application  to any particular insurance company, agent or broker for or  to obtain or procure therefrom, any surety bond or contract of insurance  specified in connection with such contract, or  specified  by  any  law,  general, special or local.    (2)   In  paragraph  one  hereof,  "public  corporation"  and  "public  authority" shall not include:    (A) a public corporation  or  public  authority  created  pursuant  to  agreement or compact with another state, or    (B) the city of New York, a public corporation or public authority, in  connection   with   the   construction   of  electrical  generating  and  transmission facilities or construction,  extensions  and  additions  of  light rail or heavy rail rapid transit and commuter railroads.    (b)  No  such  officer or employee, and no person, firm or corporation  acting or purporting to act on behalf of such officer or employee, shall  negotiate, make application for, obtain or procure any  of  such  surety  bonds  or  contracts  of  insurance  (except  contracts of insurance for  builders risk or owners protective liability) which can be  obtained  or  procured by the bidder, contractor or subcontractor.    (c)  This  section  shall  not,  however, prevent the exercise by such  officer or employee on behalf of the state or such public corporation or  public authority of its right  to  approve  the  form,  sufficiency,  or  manner of execution, of surety bonds or contracts of insurance furnished  by the insurance company selected by the bidder to underwrite such bonds  or  contracts.  Any  provisions in any invitation for bids, or in any of  the contract documents, in conflict herewith are contrary to the  public  policy of this state.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Isc > Article-25 > 2504

§  2504.  Designation  of  particular  insurer,  agent  or  broker for  insurance in certain public construction contracts. (a) (1)  No  officer  or  employee  of  this state, or of any public corporation as defined in  section sixty-six of the general construction  law,  or  of  any  public  authority,  and  no person acting or purporting to act on behalf of such  officer, employee, public corporation or public authority,  shall,  with  respect  to  any public building or construction contract which is about  to be, or which has been, competitively bid, require the bidder to  make  application  to any particular insurance company, agent or broker for or  to obtain or procure therefrom, any surety bond or contract of insurance  specified in connection with such contract, or  specified  by  any  law,  general, special or local.    (2)   In  paragraph  one  hereof,  "public  corporation"  and  "public  authority" shall not include:    (A) a public corporation  or  public  authority  created  pursuant  to  agreement or compact with another state, or    (B) the city of New York, a public corporation or public authority, in  connection   with   the   construction   of  electrical  generating  and  transmission facilities or construction,  extensions  and  additions  of  light rail or heavy rail rapid transit and commuter railroads.    (b)  No  such  officer or employee, and no person, firm or corporation  acting or purporting to act on behalf of such officer or employee, shall  negotiate, make application for, obtain or procure any  of  such  surety  bonds  or  contracts  of  insurance  (except  contracts of insurance for  builders risk or owners protective liability) which can be  obtained  or  procured by the bidder, contractor or subcontractor.    (c)  This  section  shall  not,  however, prevent the exercise by such  officer or employee on behalf of the state or such public corporation or  public authority of its right  to  approve  the  form,  sufficiency,  or  manner of execution, of surety bonds or contracts of insurance furnished  by the insurance company selected by the bidder to underwrite such bonds  or  contracts.  Any  provisions in any invitation for bids, or in any of  the contract documents, in conflict herewith are contrary to the  public  policy of this state.