Insurance Law 2346-A — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 2346 Reduction in rates of fire insurance, homeowners insurance or property/casualty premiums for residential property up ARTICLE 23 Property/casualty Insurance Rates next SECTION 2347 Workers' compensation rate changes Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 2346-A Reduction in rates of certain commercial risk insurance premiums for real property Insurance (ISC) CHAPTER 28, ARTICLE 23 § 2346-a. Reduction in rates of certain commercial risk insurance premiums for real property. The superintendent shall provide for an actuarially appropriate reduction in the rates of premiums for certain commercial risk insurance, as defined in subparagraph (A) of paragraph forty-seven of subsection (a) of section one hundred seven of this chapter, to a purchaser of such insurance and shall also provide such reduction to a public entity as defined in paragraph fifty-one of subsection (a) of section one hundred seven of this chapter for the loss of or damage to real property fitted or retrofitted with hurricane resistant laminated glass windows or doors. The superintendent shall by regulation establish standards for hurricane resistant laminated glass windows and doors, including the safe and secure installation thereof.