The legislature has passed a one-year extension of New YorkState's FAIR Plan property insurance pool, avoiding its usualpractice of letting the program expire and creating chaos forpolicyholders.

Approval came Tuesday just days before the June 30 sunset datefor the plan known as the New York Property Insurance UnderwritingAssociation (NYPIUA). Republican Gov. George Pataki is expected tosign the measure.

Chris Olli, an aide to Assemblyman Alexander Grannis,D-Manhattan, chairman of the Assembly's Insurance Committee, saidthe Assembly passed the one-year extension of NYPIUA Monday and theSenate passed it the following day.

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