2346-A – Reduction in Rates of Certain Commercial Risk Insurance Premiums for Real Property.
§ 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 […]
2347 – Workers’ Compensation Rate Changes.
§ 2347. Workers’ compensation rate changes. (a) Any rate change affecting the general rate level for the kind of insurance authorized by paragraph fifteen of subsection (a) of section one thousand one hundred thirteen of this chapter and pursuant to the provisions of section two thousand three hundred two of this article shall be approved […]
2348 – Anti-Theft and Fraud Savings.
§ 2348. Anti-theft and fraud savings. In the review and approval of rate filings submitted pursuant to section two thousand three hundred twenty-eight or section two thousand three hundred fifty of this article, the superintendent shall take steps appropriate to ensure that the rates of each insurer reflect that insurer’s savings resulting from reduced theft […]
2349 – Multi-Tier Program.
§ 2349. Multi-tier program. (a) An insurer may make available a multi-tier program, with more than one rate level in the same company, for private passenger motor vehicle insurance in the voluntary market, provided that: (1) the program and the insurer’s business plan encourage depopulation of the assigned risk plan established by article fifty-three of […]
2350 – Flexible Rating for Nonbusiness Automobile Insurance Policies.
§ 2350. Flexible rating for nonbusiness automobile insurance policies. (a) Except as provided in subsection (b) of this section, overall average (for all coverages combined) rate level increases or decreases of five percent above or below the insurer’s rates in effect may take effect without prior approval with respect to rates for policies covering losses […]
2351 – Homeowners’ Insurance Policies.
§ 2351. Homeowners’ insurance policies. (a) For the purposes of this section, “homeowners insurance” means a contract of insurance insuring against the contingencies described in subparagraphs (A), (B) and (C), or (B) and (C) of paragraph two of subsection (a) of section three thousand four hundred twenty-five of this chapter and which is a “covered […]
2352 – Multiple Rating Programs.
§ 2352. Multiple rating programs. (a) Subject to the superintendent’s prior approval, an insurer may establish more than one rating program within the same company for policies of insurance that are subject to section three thousand four hundred twenty-five or section three thousand four hundred twenty-six of this chapter; provided that: (1) each rating program […]
2353 – For-Hire Motor Vehicle Safety Program; Reduction in Rates of Certain Commercial Risk Insurance Premiums for Motor Vehicles.
§ 2353. For-hire motor vehicle safety program; reduction in rates of certain commercial risk insurance premiums for motor vehicles. (a) For the purposes of this section, an association shall mean an association where all the eligible members of the association have the same profession, trade, or occupation, and the association has been organized and maintained […]
2338 – Appeal From Rate Service Organization Action.
§ 2338. Appeal from rate service organization action. (a) This section shall apply only to kinds of insurance the rates for which are subject to prior approval pursuant to subsection (b) of section two thousand three hundred five of this article. (b) Any member of or subscriber to a rate service organization may appeal to […]
2339 – Charging or Receiving of Rates; Deviations.
§ 2339. Charging or receiving of rates; deviations. (a) This section shall apply only to kinds of insurance the rates for which are subject to prior approval pursuant to subsection (b) of section two thousand three hundred five of this article. (b) No member of or subscriber to a rate service organization, and no insurer […]