State Codes and Statutes

Statutes > New-york > Isc > Article-23 > 2337

§  2337.  Private  passenger  automobile  physical  damage  insurance;  statistics on use of anti-theft devices and the maximum discount for all  anti-theft devices.  (a) In accordance with procedures prescribed by the  superintendent pursuant to the provisions of subsection (a)  of  section  two  thousand  three hundred fifteen of this article, each insurer which  offers physical damage insurance subject to the  provisions  of  section  three  thousand  four  hundred  eleven  of  this  chapter shall maintain  statistics of the fire, theft and comprehensive insurance experience  of  its  insureds whose automobiles are and are not equipped with anti-theft  devices. Such statistics shall include the name, type  and  manufacturer  of   such   devices.  The  superintendent  shall  direct  that  insurers  appropriately  modify  the  premium  attributable  to  fire,  theft  and  comprehensive  coverages  for automobiles equipped with such devices, to  reflect reduced exposure to loss.    (b) The maximum discount on  theft  and  comprehensive  motor  vehicle  insurance  coverage  for  all  anti-theft  devices  provided for in this  article shall be an appropriate discount based solely on sound actuarial  practices and limited only by sound actuarial determinations.

State Codes and Statutes

Statutes > New-york > Isc > Article-23 > 2337

§  2337.  Private  passenger  automobile  physical  damage  insurance;  statistics on use of anti-theft devices and the maximum discount for all  anti-theft devices.  (a) In accordance with procedures prescribed by the  superintendent pursuant to the provisions of subsection (a)  of  section  two  thousand  three hundred fifteen of this article, each insurer which  offers physical damage insurance subject to the  provisions  of  section  three  thousand  four  hundred  eleven  of  this  chapter shall maintain  statistics of the fire, theft and comprehensive insurance experience  of  its  insureds whose automobiles are and are not equipped with anti-theft  devices. Such statistics shall include the name, type  and  manufacturer  of   such   devices.  The  superintendent  shall  direct  that  insurers  appropriately  modify  the  premium  attributable  to  fire,  theft  and  comprehensive  coverages  for automobiles equipped with such devices, to  reflect reduced exposure to loss.    (b) The maximum discount on  theft  and  comprehensive  motor  vehicle  insurance  coverage  for  all  anti-theft  devices  provided for in this  article shall be an appropriate discount based solely on sound actuarial  practices and limited only by sound actuarial determinations.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Isc > Article-23 > 2337

§  2337.  Private  passenger  automobile  physical  damage  insurance;  statistics on use of anti-theft devices and the maximum discount for all  anti-theft devices.  (a) In accordance with procedures prescribed by the  superintendent pursuant to the provisions of subsection (a)  of  section  two  thousand  three hundred fifteen of this article, each insurer which  offers physical damage insurance subject to the  provisions  of  section  three  thousand  four  hundred  eleven  of  this  chapter shall maintain  statistics of the fire, theft and comprehensive insurance experience  of  its  insureds whose automobiles are and are not equipped with anti-theft  devices. Such statistics shall include the name, type  and  manufacturer  of   such   devices.  The  superintendent  shall  direct  that  insurers  appropriately  modify  the  premium  attributable  to  fire,  theft  and  comprehensive  coverages  for automobiles equipped with such devices, to  reflect reduced exposure to loss.    (b) The maximum discount on  theft  and  comprehensive  motor  vehicle  insurance  coverage  for  all  anti-theft  devices  provided for in this  article shall be an appropriate discount based solely on sound actuarial  practices and limited only by sound actuarial determinations.