Rate Filings for Taxi and Livery Public Automobiles

Circular Letter No. 29 (1998) October 22, 1998 TO: All Insurers Licensed to Write Motor Vehicle Insurance in New York State RE: Rate filings for taxi and livery public automobiles The Department of Motor Vehicles requires that insurance coverage for taxi and livery public automobiles expire on the same day as their motor vehicle registrations. All such registrations expire on February 28 th . Pursuant to Section 2328 of the Insurance Law, rate filings for public automobiles are subject to prior approval of the Superintendent. Insurers that provide coverage for this market should review their loss experience to determine if their rates are appropriate for their book of business. In order to assure adequate time for the Department to review the filings, insurers that intend to make a rate filing, including those insurers that intend to make an initial filing, are hereby requested to do so prior to November 15, 1998. Please direct any questions concerning this Circular Letter to the following: Mr. Elliot Cohen, Principal Actuary Property Bureau New York State Insurance Department 25 Beaver Street New York, New York 10004 Telephone (212) 480-5504 Very truly yours, MARK PRESSER Assistant Deputy Superintendent & Bureau Chief Property Bureau