3.9.2 Permanent Insurance

A. Upon acceptance of the project, or any portion thereof from the Contractor, the Lender must provide a certified duplicate copy of the types of insurance coverage listed in this subsection. In some instances, continuation of the insurance obtained for the construction period, with proper endorsements thereto, will be acceptable. In any event, the Lender must assure that there is no gap period in insurance protection during the transition from the Insurance During Construction to the Permanent Insurance. In general, however, once the project is completed and accepted, the Lender must provide a certified duplicate copy of insurance coverage as described below.