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Home » US Law » 2022 New York Laws » Consolidated Laws » ISC - Insurance » Article 23 - Property/casualty Insurance Rates » Expiration Date: 07/01/2026 » 2337 – Private Passenger Automobile Physical Damage Insurance; Statistics on Use of Anti-Theft Devices and the Maximum Discount for All Anti-Theft Devices.
§  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.