NY Insurance Circular Letter No. 21 (1975)

Requirement that policyholders' rate classification be attached to all new and renewed policies.

RescindedYear: 1975Length: 218 wordsOfficial source
December 29, 1975 SUBJECT: INSURANCE Circular Letter No. 21 (1975) WITHDRAWN TO ALL INSURERS AUTHORIZED TO WRITE PRIVATE PASSENGER AUTOMOBILE INSURANCE IN THIS STATE: Companies writing private passenger automobile liability insurance in this state are reminded that they must comply with Section 311 (4)(a) of the Vehicle and Traffic Law which requires the attachment to all new and renewal policies of an appropriate rating form defining the policyholder's rating classification, including any applicable merit rating plan. The law (Chapter 117 of the Laws of 1972) provides: "Every such policy insuring private passenger vehicles issued after September 1, 1972 and every renewal policy, renewal endorsement or other evidence of renewal issued after such date shall have attached thereto a rating information form which clearly specifies and defines the rating classification assigned thereto, including any applicable merit rating plan." Insofar as private passenger physical damage coverages are concerned, it is the opinion of this Department that similar treatment should also be afforded to this type of policy when issued separately. Please acknowledge receipt of this letter and provide a copy of your rating form to the attention of: Mr. Henry Lauer, Associate Examiner Automobile & Compensation Bureau New York State Insurance Department Two World Trade Center New York, New York 10047 Truly yours, [SIGNATURE] THOMAS A. HARNETT Superintendent of Insurance
NY Insurance Circular Letter No. 21 (1975): Requirement that policyholders' rate classification be attached to all new and renewed policies. | Justis AI