NY Insurance Circular Letter No. 3 (1964)

Automobile insurance rate filings under Insurance Law Article VIII, interrogatory blank.

RescindedYear: 1964Length: 347 wordsOfficial source
January 27, 1964 SUBJECT: INSURANCE Circular Letter 64-3 WITHDRAWN TO ALL LICENSED RATING ORGANIZATIONS AND INSURERS MAKING AUTOMOBILE INSURANCE RATE FILINGS Automobile Insurance Rate Filings under Insurance Law Article VIII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)
NY Insurance Circular Letter No. 3 (1964): Automobile insurance rate filings under Insurance Law Article VIII, interrogatory blank. | Justis AI