NY Insurance Circular Letter No. 3 (1964)
Automobile insurance rate filings under Insurance Law Article VIII, interrogatory blank.
January 27, 1964
SUBJECT: INSURANCE
Circular Letter 64-3
WITHDRAWN
TO ALL LICENSED RATING ORGANIZATIONS AND INSURERS MAKING AUTOMOBILE INSURANCE RATE FILINGS
Automobile Insurance Rate Filings under Insurance Law Article VIII
As part of our program to expedite review of rate filings under Article VIII of the Insurance Law, this Department has developed an interrogatory blank for use in connection with automobile liability and physical damage rate filings, which will until further notice be expected to be completed and submitted for consideration with each such filing.
A copy of the interrogatory form is attached.
This interrogatory procedure is, however, not applicable to the rating of individual risks under Insurance Law Section 185(3), or to other procedures which require individual risk filings with this Department, or to rate deviations under Section 185(4).
If after a period of trial the utility of this interrogatory form is established, the Department expects to extend use of it, or of some modification of it, to other rate filings.
Very truly yours,
SAMUEL C. CANTOR
Acting Superintendent of Insurance
By: [SIGNATURE]
Frank Harwayne
Chief Actuary
(attachment)
INTERROGATORY
IS YOUR SUPPORT FOR THE FILING BASED ON THE FOLLOWING?
If Yes, Indicate
Whose Experience
(a) Your own
(b) Other
Insurers n1
Yes
(c) Rating
Where
Or No
Organizations n1
Found
Subscribers
In the
Filing
. Loss Experience
A. Within NEW YORK STATE
1. Past
_____
_____________
__________
2. Prospective
_____
_____________
__________
3. Conflagration
_____
_____________
__________
4. Catastrophe
_____
_______________
__________
B. Outside New York
State
1. Past
_____
_______________
__________
2. Prospective
_____
_______________
__________
3. Conflagration
_____
_______________
__________
4. Catastrophe
_____
_______________
__________
_____
XXXXX
__________
Reasonable Profit
Expenses
A. Within this
State
1. Past
_____
_______________
__________
2. Prospective
_____
_______________
__________
B. Countrywide
1. Past
_____
_______________
__________
2. Prospective
_____
_______________
__________
Any
Other Relevant Factors
_____
_______________
__________
1. _______________
_____
_______________
__________
2. _______________
_____
_______________
__________
3. _______________
A. Policyholders n1
_____
_______________
__________
Dividends
B. Savings or
Unabsorbed
Premium Deposits
_____
_______________
__________
1-64
TO BE SIGNED BY AN OFFICER OF THE FILING ORGANIZATION____________________
(Signature)