Any state agency that purchases insurance through the Office of Management and Enterprise Services shall submit a requisition form to acquire or maintain insurance to the Purchasing Division not less than forty-five (45) days prior to the expiration date of the existing insurance policy held by the agency. The time requirement for the submission of a requisition form, as provided for in this section, shall not apply to any state agency that:
1. Has no existing insurance policy covering the property sought to be insured; or
2. Must acquire insurance expediently due to some exigent circumstance as determined by the Director of the Office of Management and Enterprise Services.
Added by Laws 1984, c. 35, § 1, eff. Nov. 1, 1984. Amended by Laws 2012, c. 304, § 746.