Insurance Law 2337 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 2336-B Boat liability insurance rates; premium reductions in certain cases up ARTICLE 23 Property/casualty Insurance Rates next SECTION 2338 Appeal from rate service organization action Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 2337 Private passenger automobile physical damage insurance; statistics on use of anti-theft devices and the maximum discount for all anti-the... Insurance (ISC) CHAPTER 28, ARTICLE 23 § 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.