State Codes and Statutes

Statutes > New-york > Isc > Article-23 > 2328

§ 2328. Certain motor vehicle insurance rates; prior approval. For the  periods  February  first,  nineteen  hundred seventy-four through August  second,  two   thousand   one,   and   the   effective   date   of   the  property/casualty insurance availability act through June thirtieth, two  thousand  eleven,  no  changes  in rates, rating plans, rating rules and  rate manuals applicable to motor vehicle insurance,  including  no-fault  coverages  under  article  fifty-one  of  this  chapter,  shall  be made  effective until approved  by  the  superintendent,  notwithstanding  any  inconsistent provisions of this article; provided, however, that changes  in  such  rates, rating plans, rating rules and rate manuals may be made  effective without such approval if the  rates  which  result  from  such  changes  are  no  higher  than  the insurer's rates last approved by the  superintendent. This section  shall  apply  only  to  policies  covering  losses  or  liabilities arising out of ownership of a motor vehicle used  principally for the transportation of persons for hire, including a  bus  or  a school bus as defined in sections one hundred four and one hundred  forty-two of the vehicle and traffic law.

State Codes and Statutes

Statutes > New-york > Isc > Article-23 > 2328

§ 2328. Certain motor vehicle insurance rates; prior approval. For the  periods  February  first,  nineteen  hundred seventy-four through August  second,  two   thousand   one,   and   the   effective   date   of   the  property/casualty insurance availability act through June thirtieth, two  thousand  eleven,  no  changes  in rates, rating plans, rating rules and  rate manuals applicable to motor vehicle insurance,  including  no-fault  coverages  under  article  fifty-one  of  this  chapter,  shall  be made  effective until approved  by  the  superintendent,  notwithstanding  any  inconsistent provisions of this article; provided, however, that changes  in  such  rates, rating plans, rating rules and rate manuals may be made  effective without such approval if the  rates  which  result  from  such  changes  are  no  higher  than  the insurer's rates last approved by the  superintendent. This section  shall  apply  only  to  policies  covering  losses  or  liabilities arising out of ownership of a motor vehicle used  principally for the transportation of persons for hire, including a  bus  or  a school bus as defined in sections one hundred four and one hundred  forty-two of the vehicle and traffic law.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Isc > Article-23 > 2328

§ 2328. Certain motor vehicle insurance rates; prior approval. For the  periods  February  first,  nineteen  hundred seventy-four through August  second,  two   thousand   one,   and   the   effective   date   of   the  property/casualty insurance availability act through June thirtieth, two  thousand  eleven,  no  changes  in rates, rating plans, rating rules and  rate manuals applicable to motor vehicle insurance,  including  no-fault  coverages  under  article  fifty-one  of  this  chapter,  shall  be made  effective until approved  by  the  superintendent,  notwithstanding  any  inconsistent provisions of this article; provided, however, that changes  in  such  rates, rating plans, rating rules and rate manuals may be made  effective without such approval if the  rates  which  result  from  such  changes  are  no  higher  than  the insurer's rates last approved by the  superintendent. This section  shall  apply  only  to  policies  covering  losses  or  liabilities arising out of ownership of a motor vehicle used  principally for the transportation of persons for hire, including a  bus  or  a school bus as defined in sections one hundred four and one hundred  forty-two of the vehicle and traffic law.