New York Codes, Rules and Regulations
Title 19 - DEPARTMENT OF STATE
Chapter VI - Division of Cemeteries
Part 200 - Rules Of Procedure Of State Cemetery Board
Section 200.6 - Commercial crime insurance coverage
Current through Register Vol. 45, No. 52, December 27, 2023
(a) Every cemetery corporation shall carry commercial crime insurance or similar insurance coverage for the acts or omissions of cemetery directors, officers, and employees as well as volunteers who handle money, accounts or securities for the cemetery.
(b) The annual financial report filed with the division shall set forth the amount of commercial crime coverage, the classes of persons included, the name of the carrier/issuer, the policy number, and the expiration date of coverage.
(c) The amount of coverage required is $15,000 or 10% of total financial assets, whichever is greater, up to a maximum of $500,000. Notwithstanding the foregoing:
Adopted New York State Register March 9, 2016/Volume XXXVIII, Issue 10, eff. 3/9/2016