24 CFR 1000.138
§ 1000.138 What constitutes adequate insurance?
United States · 24 CFR — Housing and Urban Development · Status: effective
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- Citation
- 24 CFR 1000.138, § 1000.138 What constitutes adequate insurance?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/102442
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Full text
Insurance is adequate if it is a purchased insurance policy from an insurance provider or a plan of self-insurance in an amount that will protect the financial stability of the recipient's IHBG program. Recipients may purchase the required insurance without regard to competitive selection procedures from nonprofit insurance entities which are owned and controlled by recipients and which have been approved by HUD.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.