New York § 2337 Private passenger automobile physical damage insurance; statistics on use of anti-theft devices and the maximum discount for all anti-the...

New York Statutes

§ 2337 — Private passenger automobile physical damage insurance; statistics on use of anti-theft devices and the maximum discount for all anti-the...

New York § 2337

Law ISCInsurance

Art. 23Property/casualty Insurance Rates

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Bluebook

N.Y. Insurance § 2337 (2026).

Text

§ 2337. Private passenger automobile physical damage insurance;\nstatistics on use of anti-theft devices and the maximum discount for all\nanti-theft devices.

(a)In accordance with procedures prescribed by the\nsuperintendent pursuant to the provisions of subsection (a) of section\ntwo thousand three hundred fifteen of this article, each insurer which\noffers physical damage insurance subject to the provisions of section\nthree thousand four hundred eleven of this chapter shall maintain\nstatistics of the fire, theft and comprehensive insurance experience of\nits insureds whose automobiles are and are not equipped with anti-theft\ndevices. Such statistics shall include the name, type and manufacturer\nof such devices. The superintendent shall direct that insurers\nappropriately modify

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§ 2337. Private passenger automobile physical damage insurance;\nstatistics on use of anti-theft devices and the maximum discount for all\nanti-theft devices. (a) In accordance with procedures prescribed by the\nsuperintendent pursuant to the provisions of subsection (a) of section\ntwo thousand three hundred fifteen of this article, each insurer which\noffers physical damage insurance subject to the provisions of section\nthree thousand four hundred eleven of this chapter shall maintain\nstatistics of the fire, theft and comprehensive insurance experience of\nits insureds whose automobiles are and are not equipped with anti-theft\ndevices. Such statistics shall include the name, type and manufacturer\nof such devices. The superintendent shall direct that insurers\nappropriately modify the premium attributable to fire, theft and\ncomprehensive coverages for automobiles equipped with such devices, to\nreflect reduced exposure to loss.\n (b) The maximum discount on theft and comprehensive motor vehicle\ninsurance coverage for all anti-theft devices provided for in this\narticle shall be an appropriate discount based solely on sound actuarial\npractices and limited only by sound actuarial determinations.\n